"Improvements in credit and lending markets and significantly increased Treasury issuance have positively impacted CME Group's interest rate volumes and open interest in June," said CME Group Chief Executive Officer Craig Donohue. "Reduced volatility and improvements in market depth have resulted in record volume of more than 6 million Eurodollar futures contracts on June 5."
CME Group interest rate volume averaged 5.1 million contracts per day, down 24 percent compared with the same period in 2008, but up 8 percent sequentially - representing the best monthly volume to date in 2009. Interest rate futures and options volume was up 14 percent second quarter over first quarter, with Treasury futures and options gaining 11 percent in the same timeframe. Average daily volume in inter-commodity spreads of Treasury futures and open interest for 3-Year Treasury Note futures reached record levels in June. Furthermore, a record volume of 6.0 million Eurodollar futures was traded June 5.
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, and Swapstream products.
CME Group E-mini equity index volume averaged 2.8 million contracts per day, down 21 percent compared with June 2008. Equity standard volume averaged 154,000 contracts per day, down 32 percent compared with the same period last year. CME Group foreign exchange (FX) volume averaged 702,000 contracts per day, with notional value of approximately $89 billion, down 8 percent compared with the prior June, but up 29 percent sequentially - representing the best monthly volume to date in 2009. CME Group commodities and alternative investments volume averaged 912,000 contracts per day, down 18 percent from June 2008, but up 25 percent compared with May 2009 - representing the highest monthly volume to date so far in 2009.
Total NYMEX volume averaged 1.7 million contracts for June 2009, down 4 percent compared with the same period last year, but up 1 percent compared with May 2009. Monthly NYMEX energy futures and options volume averaged 975,000 contracts per day, down 13 percent from June 2008, but up 5 percent sequentially. COMEX metals volume averaged 188,000 contracts per day for June 2009, down 8 percent compared with the same period last year and down 2 percent sequentially. Average daily volume cleared through CME ClearPort was 542,000 contracts for June 2009, up 33 percent compared with June 2008, as users continue to seek the safety and soundness of CME Group's regulated, centrally cleared markets. The remaining NYMEX volume of 38,000 trades per day consisted of other transactions, which include position transfers and exchanges.
Second-quarter volume averaged 10.4 million contracts per day, down 19 percent from second-quarter 2008, but up slightly from first-quarter 2009. Compared with first-quarter 2009, second-quarter interest rates volume increased 14 percent, FX volume increased 12 percent and commodities and alternative investments volume increased 19 percent. In addition, second-quarter average daily volume cleared through CME ClearPort was 537,000 contracts, up 29 percent compared with second-quarter 2008.
