The Chicago Mercantile Exchange announced that on Friday, December 9 it surpassed one billion contracts, excluding non-traditional TRAKRS(R) futures contracts, traded in a single year for the first time in the 107-year history of the exchange YTD contracts increased more than 32% from this time last year. So far in 2005, 70% of all contracts traded at CME have been executed on the CME(R) Globex(R) electronic trading platform and year-to-date average daily volume is 4.2 million.
“CME’s ability to expand internationally through the implementation of new technologies and the increased distribution of our benchmark products have contributed to the significant growth of our volume,” said CME Chief Executive Officer Craig Donohue. “The continued increases in electronic trading and the addition of several new product offerings that support our customers’ needs have allowed us to achieve yet another milestone in our history.”
CME Clearing officially surpassed one billion trades cleared on August 5, 2005. This is the second consecutive year the CME Clearing House, which clears all trading volume for the Chicago Board of Trade (CBOT) in addition to that of CME, surpassed one billion cleared trades.