CME Group, the world's largest and most diverse derivatives exchange, today announced first-quarter 2008 volume averaged a record 13.7 million contracts per day, up 32 percent from first-quarter 2007. Total electronic volume increased 41 percent versus the first quarter in 2007 to average a record 11.1 million contracts per day. Total electronic options volume increased 60 percent to average a record 414,000 contracts per day.
March volume averaged 13.5 million contracts per day, up 15 percent from March 2007. Total volume exceeded 269 million contracts for the month, of which a record 83 percent was traded electronically. Total electronic volume averaged a record 11.1 million contracts per day, up 22 percent from the prior March.
First-Quarter Highlights
All CME Group major product lines achieved quarterly volume records. CME Group E-mini equity index volume averaged a record 3.6 million contracts per day, up 72 percent compared with first-quarter 2007. CME Group interest rate volume averaged a record 8.3 million contracts per day, up 24 percent. CME Group commodities and alternative investments volume averaged a record 949,000 contracts per day, up 20 percent. CME Group foreign exchange (FX) volume averaged a record 640,000 contracts per day, up 15 percent from same period in 2007, and representing a notional value of $87 billion.
Record quarterly NYMEX energy and metals volume on the CME Globex trading platform increased 51 percent to average more than one million contracts per day for the first time. Legacy e-CBOT products reached a record 3.9 million contracts per day during the first quarter of trading on CME Globex. Both 5-Year U.S. Treasury Note and 30-Year U.S. Bond volume reached quarterly records following tick size adjustments that went into effect on March 3, up 47 percent and 15 percent respectively compared to the same period in 2007.
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. -- www.cme.com
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