CME Group, the world's largest and most diverse exchange, posted total annual volume during 2007 of nearly 2.8 billion contracts, achieving record volume growth for the seventh consecutive year on a combined basis. The company achieved combined annual volume growth exceeding 20 percent for the seventh straight year and the largest percentage growth year-over-year since 2002.
Daily volume in 2007 averaged 11.0 million contracts per day, up 28 percent from 2006. Total electronic volume averaged 8.5 million contracts per day, up 41 percent from the prior year. Total options volume averaged 2.0 million contracts per day, up 14 percent from 2006. Electronic options volume averaged 288,000 contracts per day for the year, up 46 percent.
- Combined annual volume growth exceeded 20 percent for the seventh straight year
- All major product lines up over 20 percent annually for two consecutive years
- Fourth-quarter average daily volume increased 23 percent to 10.6 million contracts per day
- December average daily volume increased 13 percent to 9.3 million contracts per day
- NYMEX energy and metals product volume on CME Globex more than tripled in 2007 and was up 130 percent in the fourth-quarter, representing sixth consecutive record quarter
All CME Group major product lines have achieved year-over-year growth above 20 percent for two consecutive years. CME Group equity index products daily volume averaged 2.7 million contracts for the year, up 47 percent from 2006. Foreign exchange products daily volume averaged 569,000 contracts in 2007, up 26 percent from last year, and representing a notional value of $71 billion. CME Group interest rates increased 23 percent versus 2006 to reach an average 6.9 million contracts per day and the commodities and alternative investments product line grew 20 percent to average 766,000 contracts per day. NYMEX energy and metals volume on the CME Globex platform tripled from 2006 to 2007 to average 757,000 contracts per day.
All references to volume and rate per contract information in the text of this document assume combined legacy CME and legacy CBOT volumes and exclude our non-traditional TRAKRS products, for which CME Group receives significantly lower clearing fees than other CME Group products, and Swapstream products.
Fourth-Quarter Highlights
Fourth-quarter daily volume averaged 10.6 million contracts per day, up 23 percent from the same period last year. Total electronic volume averaged 8.5 million contracts per day, up 34 percent from the fourth-quarter 2006. Total electronic volume as a percentage of total volume grew from 76 percent in the first-quarter 2007 to a record 81 percent in the fourth-quarter 2007.
CME Group equity index product volume averaged 3.0 million contracts per day, up 61 percent from fourth-quarter 2006. Interest rate product volume averaged 6.3 million contracts per day, up 15 percent from the same period a year ago. CME Group foreign exchange product volume increased 10 percent to average 561,000 contracts per day, representing a notional value of $74 billion. Commodities and alternative investments volume averaged 740,000 contracts per day, down 1 percent versus the fourth-quarter 2006. NYMEX energy and metals volume on the CME Globex platform in the fourth-quarter 2007 averaged a record 852,000 contracts per day, more than doubling the average daily volume for the same period a year ago and representing the sixth consecutive record quarter.
December Highlights
December daily volume averaged 9.3 million contracts per day, up 13 percent from the same period last year. Total electronic volume averaged 7.4 million contracts per day, up 22 percent from December 2006. CME Group E-mini equity index product volume posted significant growth, increasing 53 percent versus the same period last year to average 2.5 million contracts per day. The commodities and alternative investments product line volume also demonstrated strong growth, averaging 700,000 contracts per day for the month, up 27 percent versus December 2006. -- www.cme.com
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