CME Traded Contracts Volume Has Surpassed One Billion For Second Consecutive Year

CME has announced that for the second consecutive year it has surpassed one billion contracts traded, excluding non traditional TRAKRS futures contracts. The average daily volume for 2006 is 5.4 million contracts, an increase of 29 percent over this time

By None

CME has announced that for the second consecutive year it has surpassed one billion contracts traded, excluding non-traditional TRAKRS futures contracts. The average daily volume for 2006 is 5.4 million contracts, an increase of 29 percent over this time last year.

“CME is the world’s leading financial exchange and provides the trading of derivatives in all major asset classes: interest rates, equities, foreign exchange, alternative investments and commodities, including energy through our agreement with NYMEX,” says Terrence Duffy, the Chairman of CME. “We are pleased that we have reached this milestone once again and CME continues to provide our customers around the world with the deep pools of liquidity that they require to implement their risk management strategies, and we greatly appreciate the business they bring to our exchange.”

“More than 70 percent of our total volume is traded on CME Globex(r), and a significant contribution to our growth is the fact that the volume of our electronically traded options on futures has increased 90 percent over last year,” adds Craig Donohue, the Chief Executive Officer at CME. “The continued growth in electronic trading and the addition of several product offerings, such as new foreign exchange products and housing indexes, have allowed us to support the growing needs of our customers. We will continue to work closely with our customers around the globe in order to meet their business and trading objectives.”

CME Clearing officially surpassed one billion trades cleared on 20 June 2006. This is the third consecutive year CME Clearing, which clears all trading volume for the Chicago Board of Trade (CBOT) in addition to that of CME, surpassed one billion cleared trades.

«