CME GROUP INC 'A' : CME Group Volume Averaged 12.2 Million Contracts per Day in 2010, up 19 Percent; Double-Digit ADV Growth for Fourth Quarter and December
01/04/2011| 07:35am US/Eastern
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CHICAGO, Jan. 4, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that 2010 volume averaged 12.2 million contracts per day, up 19 percent from 2009. Highlights for the year included average daily volume growth above 40 percent for foreign exchange (FX) and metals products, as well as double-digit growth in interest rates, energy and agricultural commodities. Year-end open interest for 2010 increased 9 percent compared with year-end 2009. Fourth-quarter volume averaged 12.0 million contracts per day, up 17 percent from fourth-quarter 2009, and included record average daily volumes in agricultural commodities and metals and double-digit average daily volume growth in interest rates, FX, agricultural commodities and metals product lines.
December 2010 volume averaged 10.5 million contracts per day, up 15 percent from December 2009. Total volume for December was 232 million contracts, of which 83 percent was traded electronically.
In December, CME Group interest rate volume averaged 5.0 million contracts per day, up 29 percent compared with the prior December. Treasury futures volume averaged 1.9 million contracts per day, up 37 percent compared with the same period in 2009, and Treasury options volume averaged 275,000 contracts per day, up 16 percent. Eurodollar futures volume averaged 2.2 million contracts per day, up 30 percent versus December 2009, and Eurodollar options volume averaged 649,000 contracts per day, up 20 percent.
CME Group equity index volume averaged 2.1 million contracts per day, down 4 percent from December 2009. CME Group foreign exchange (FX) volume averaged 811,000 contracts per day, up 10 percent compared with the same period a year ago, reflecting average daily notional value of $107 billion.
CME Group energy volume averaged 1.4 million contracts per day, down 1 percent compared with December 2009. CME Group agricultural commodities volume averaged 836,000 contracts per day, up 37 percent compared with the prior December. CME Group metals volume averaged 270,000 contracts per day, down 1 percent compared with the same period last year.
Electronic volume averaged 8.8 million contracts per day, up 16 percent from the prior December, while privately negotiated volume increased 22 percent, to 196,000 contracts per day. Average daily volume cleared through CME ClearPort was 351,000 contracts for December 2010, down 13 percent compared with December 2009. Open outcry volume averaged 1.2 million contracts per day in December 2010, up 11 percent versus the prior December.
MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Dec 2010 Dec 2009
-------- --------
Trading Days 22 22
Percent
PRODUCT LINE Dec 2010 Dec 2009 Change
-------- -------- --------
Interest Rates 5,031 3,886 29%
Equity Index 2,147 2,238 -4%
FX 811 735 10%
Energy (including CME
ClearPort) 1,433* 1,448 -1%
Commodities 836 612 37%
Metals (including CME
ClearPort) 270 273 -1%
--- --- ---
Total 10,528 9,191 15%
Percent
VENUE Dec 2010 Dec 2009 Change
-------- -------- --------
Open outcry 1,203 1,087 11%
CME Globex 8,777 7,540 16%
Privately negotiated 196 160 22%
CME ClearPort (OTC) 351 403 -13%
* The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 20,858 in December 2010. This accounted for approximately 1 percent of the total Energy volume in December 2010, even with the percent of total in November 2010.
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
Q4 2010 Q4 2009
------- -------
Trading Days 64 64
Percent
PRODUCT LINE Q4 2010 Q4 2009 Change
------- ------- --------
Interest Rates 5,566 4,368 27%
Equity Index 2,545 2,515 1%
FX 887 754 18%
Energy (including CME
ClearPort) 1,581* 1,564 1%
Commodities 1,067 750 42%
Metals (including CME
ClearPort) 372 292 27%
--- --- ---
Total 12,018 10,243 17%
Percent
VENUE Q4 2010 Q4 2009 Change
------- ------- --------
Open outcry 1,418 1,210 17%
CME Globex 9,978 8,399 19%
Privately negotiated 222 170 31%
CME ClearPort (OTC) 400 464 -14%
*The PJM daily electricity swap futures contracts, which have an average rate per contract of approximately 10 cents, averaged 29,222 in fourth quarter 2010. This accounted for approximately 2 percent of the total Energy volume in fourth quarter 2010, down from 4 percent in third quarter 2010.
ANNUAL AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV
( in thousands)
2010 2009
---- ----
Trading Days 253 252
Percent
PRODUCT LINE 2010 2009 Change
---- ---- --------
Interest Rates 5,449 4,260 30%
Equity Index 2,907 2,917 0%
FX 919 624 47%
Energy (including CME
ClearPort) 1,662 1,492 11%
Commodities 913 740 23%
Metals (including CME
ClearPort) 316 225 40%
--- --- ---
Total 12,167 10,258 19%
Percent
VENUE 2010 2009 Change
---- ---- --------
Open outcry 1,401 1,309 7%
CME Globex 10,120 8,290 22%
Privately negotiated 198 164 21%
CME ClearPort (OTC) 447 494 -10%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT LINE Dec-10 Nov-10 Oct-10 Sep-10
Interest Rates 5,566 5,608 5,098 5,020
Equity Index 2,545 2,837 2,746 2,809
FX 887 935 885 866
Energy 1,581 1,693 1,725 1,657
Commodities 1,067 1,125 1,025 941
Metals 372 365 273 257
Total 12,018 12,563 11,752 11,550
VENUE Dec-10 Nov-10 Oct-10 Sep-10
Open outcry 1,418 1,484 1,372 1,327
Electronic 9,978 10,422 9,715 9,574
Privately negotiated 222 222 200 181
CME ClearPort (OTC) 400 434 465 468
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT LINE Nov-10 Oct-10 Sep-10 Aug-10
Interest Rates 0.498 0.497 0.495 0.493
Equity Index 0.695 0.696 0.708 0.709
FX 0.795 0.793 0.795 0.791
Energy 1.606 1.558 1.540 1.542
Commodities 1.220 1.242 1.256 1.287
Metals 1.733 1.750 1.791 1.743
----- ----- ----- -----
Total 0.815 0.816 0.810 0.811
VENUE Nov-10 Oct-10 Sep-10 Aug-10
Exchange-Traded 0.751 0.749 0.747 0.747
CME ClearPort (OTC) 2.579 2.439 2.292 2.317
Average daily volume and rate per contract figures from 2008 have been revised due to standardizing NYMEX reporting conventions to follow CME's treatment of post-trade transactions such as exercises, assignments and deliveries.
All references to CME Group volume and rate per contract information in the text of this document exclude our non-traditional TRAKRS( )products, for which CME Group receives significantly lower clearing fees than other CME Group products, HuRLO products and credit default swap clearing.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (Nasdaq: CME) and its products can be found at www.cmegroup.com.
CME-G
SOURCE CME Group
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