Trading exchange CME Group’s July trading volume averaged 11.2 million contracts a day, up 40% from July 2006, assuming Chicago Mercantile Exchange and Chicago Board of Trade volumes were combined for the full month. On this basis, total monthly volume exceeded 235 million contracts.
Electronic volume represented 79% of total exchange volume. Total options volume averaged 2 million contracts a day, up 16% from July 2006. Electronic options volume averaged 348,000 contracts a day, up 69% from the same period a year ago, representing 19% of total CME Group options volume.
Total interest rate product volume averaged 7 million contracts in July, up 39% from July 2006.
E-mini equity index product volume averaged 2.6 million contracts a day in July, up 47% compared with July 2006. Total equity options volume averaged 205,000 contracts a day, a 62% increase from the same period a year ago. Total E-mini index options volume averaged a record 114,000 contracts a day, more than doubling from July 2006.
Foreign exchange product volume averaged 628,000 contracts a day in July, up 68% compared with the year-ago period, reaching the highest non-roll month average daily volume ever. Electronic foreign exchange volume averaged 585,000 contracts a day, up 75% compared with July 2006. July foreign exchange futures and options volume represented a notional value of $77 billion.
Commodities and alternative investment products volume averaged 764,000 contracts a day in July, up 18% compared with the same period a year ago. Corn futures volume averaged 192,000 contracts a day, up 3% from July 2006. Soybean futures averaged 130,000 contracts a day, up 45%, and Wheat futures averaged 72,000 contracts a day, up 35%. CME Group electronic commodities and alternative investments volume was 49% of total CME Group commodities and alternative investments volume in July.
NYMEX energy and metals volume on the CME Globex electronic trading platform in July averaged a record 750,000 contracts a day, increasing more than 7 times the average daily volume for the same period a year ago.