CME Total Volume Tops 1 Billion Contracts, Average Daily Volume Nearly 4.2 Million

The Chicago Mercantile Exchange posted a volume of 1.05 billion contracts in 2005, achieving gains for the sixth consecutive year. CME total average daily volume in 2005 was nearly 4.2 million contracts, up 34% from 2004. Volume on the CME

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The Chicago Mercantile Exchange posted a volume of 1.05 billion contracts in 2005, achieving gains for the sixth consecutive year. CME total average daily volume in 2005 was nearly 4.2 million contracts, up 34% from 2004.

Volume on the CME Globex electronic trading platform increased 62% for the year, with total volume of 730 million contracts and average daily volume of 2.9 million. CME Globex volume represented 70% of total CME volume, compared with 57% in 2004.

Average daily volume in CME’s interest rate products of 2.4 million contracts for the year climbed 40% from 2004. This increase was driven by continued growth in CME Eurodollar options, up 45% to 746,000 contracts per day in 2005, and electronic CME Eurodollar options, up 234% from 2004.

CME Eurodollar futures grew 38% to 1.6 million contracts per day. Electronic CME Eurodollar futures averaged 1.3 million contracts per day in 2005, up 125% from the same period a year ago. CME Eurodollar futures remain the most actively traded futures contract in the world.

CME’s foreign exchange complex saw year-on-year average daily volume increase 65% to more than 334,000 contracts per day in 2005. Combined average daily volume in CME’s E-mini equity product complex was approximately 1.3 million contracts in 2005, up 21% compared with 2004.

CME’s equity standard volume grew 13% to 131,000 contracts per day. CME’s commodities product complex was up 23% compared to 2004.

Overall fourth quarter trading activity remained strong, with average daily volume above 4.1 million contracts, up 33% from the same period in 2004.

Leading the growth was a 49% increase in foreign exchange (FX) trading, averaging a record 375,000 contracts per day. CME continues to see very strong participation in its FX business from high velocity algorithmic traders. In addition, CME interest rate volume had a 34% increase, averaging 2.2 million contracts per day. CME E-mini products averaged 1.3 million contracts per day, up 30%. CME’s commodity products increased by 20% with average daily volume of 51,000 contracts.

Average daily volume for December approached 3.8 million contracts, up 32% from year-ago levels. CME FX products had the highest volume month ever, with more than 428,000 contracts per day, up 37% compared with December 2004. Interest rate products grew 35%, E-mini products grew 27%, and commodity products grew 31 percent versus the same month a year ago. Overall electronic trading on the CME Globex platform was up 42% in December compared with year-ago levels.

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