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CME Group Volume Averaged 12.2 Million Contracts per Day in 2010, up 19 Percent; Double-Digit ADV Growth for Fourth Quarter and December
-- Fourth-quarter volume averaged 12.0 million contracts per day, up 17 percent
-- December volume averaged 10.5 million contracts per day, up 15 percent
-- Fourth-quarter agricultural commodities average daily volume set record, up 42 percent
-- Fourth-quarter metals average daily volume set record, up 27 percent

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






PRODUCT LINE

Dec 2010

Dec 2009

Percent 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%









VENUE

Dec 2010

Dec 2009

Percent 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






PRODUCT LINE

Q4 2010

Q4 2009

Percent 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%










VENUE


Q4 2010


Q4 2009


Percent 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






PRODUCT LINE

2010

2009

Percent 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%



VENUE

2010

2009

Percent 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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