The Chicago Mercantile Exchange reported an average daily volume in October of 4.5 million contracts, up nearly 40% from the same time last year.
Total monthly volume was more than 94 million contracts. Average daily volume on the CME Globex electronic trading platform averaged 3.3 million contracts, a 52%increase from October 2004.
Electronic trading represented 74% of total CME volume in October, compared with 68% in the prior-year period. Electronic options rose to 10% of total options, compared with 6% in the third quarter and 5% in the second quarter.
CME total interest rate volume was 2.4 million contracts per day in October, up 35% from the same period a year ago. This increase was driven by growth in trading of electronic CME Eurodollar futures, which represented 81% of total CME Eurodollar futures volume in October, compared with 72% in October 2004. Electronic CME Eurodollar futures averaged 1.4 million contracts per day in October, up 57% from the same period last year.
Trading in CME E-mini(TM) equity index products averaged a record 1.6 million contracts per day in October, an increase of 44% compared with the same period last year. CME achieved average daily volume records of 1.1 million E-mini S&P 500 contracts, 155,000 E-mini Russell 2000 contracts and 27,000 S&P MidCap 400 contracts. The company also posted an average daily volume record of 45,000 E-mini S&P electronic options contracts, compared with the prior record of 21,000 contracts per day in September.
Average daily volume of CME foreign exchange products was 328,000 contracts, a 52% increase compared with October 2004. During the month, electronic foreign exchange products increased 73% from the same period a year ago to 277,000 contracts per day.