CME Establishes New Agricultural Futures Record
CME Establishes New Agricultural Futures Record
Mar 10, 2005
Overall agricultural products volume reached 107,663, establishing a new record surpassing the previous record of 97,298 set on January 11, 2005. The CME E-Livestock program set a new volume record of 1,844 futures contracts breaking the previous record of 1,401 contracts set on February 23, 2005. CME E-Live Cattle trades made up of the majority of that activity at 1,674 futures, also a record. Live Cattle's previous record of 1,313 contracts traded on CME Globex had also been set on February 23.
Since the introduction of the Market Maker program in January 2005, the CME E-Livestock initiative has seen continued monthly growth in trading volume and market participation. In addition to live cattle, feeder cattle and lean hog futures also trade side-by-side with the CME livestock products traded on the floor.
Chicago Mercantile Exchange Inc. ( http://www.cme.com ) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on CME Globex® electronic trading platform and on its trading floor. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in 2004 and managed $44.1 billion in collateral deposits as of Dec. 31, 2004, including $3.1 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
Statements in this news release that are not historical facts are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent quarterly report on Form 10-Q, which can be obtained at its Web site at http://www.sec.gov . We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Chicago Mercantile Exchange Inc.
Media, Anita S. Liskey, +1-312-466-4613, or Allan Schoenberg, +1-312-930-8189, news@cme.com , or Investors, John Peschier, +1-312-930-8491, all of Chicago Mercantile Exchange Inc. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Chicago Mercantile Exchange's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.