CME Group, the world's largest and most diverse derivatives exchange, today announced that July 2008 volume averaged 11.2 million contracts per day, with total volume for the month exceeding 245 million contracts. Compared with July 2007, volume was down 1 percent.
A record 85 percent of contracts was traded electronically. Total monthly electronic volume increased 7 percent over July 2007, averaging 9.5 million contracts per day. Year-to-date 2008 volume through July averaged 12.2 million contracts per day, up 16 percent from the same period last year.
CME Group E-mini equity index volume averaged 3.5 million contracts per day, up 34 percent compared with July 2007. CME Group commodities and alternative investments volume averaged 878,000 contracts per day, up 15 percent. CME Group foreign exchange (FX) contracts volume averaged 640,000 contracts per day, up 2 percent from July 2007, and represented average daily notional value traded of $90 billion, up 16 percent. CME Group interest rate volume averaged 6.0 million contracts per day, down 16 percent compared with the same period in 2007. Monthly NYMEX volume on the CME Globex electronic trading platform averaged 1.0 million contracts per day, up 39 percent.
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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