- NYMEX Electronic Trading Volume Increases 29%
- COMEX Electronic Trading Volume Increases 95%
NEW YORK, Aug. 14 /PRNewswire-FirstCall/ -- NYMEX Holdings, Inc.
(NYSE: NMX), the parent company of the New York Mercantile Exchange, Inc., the
world's largest physical commodities futures and options exchange, today
announced that average daily volume was 1.883 million contracts for July 2008,
a 30% increase from 1.446 million contracts per day in July 2007.
NYMEX electronic volume on the CME Globex(R) electronic trading platform
averaged 822,710 contracts per day for July 2008, representing a 29% increase
over 636,774 contracts per day in July 2007 electronic volume. NYMEX
floor-traded energy futures and options averaged 209,117 contracts per day for
July 2008.
COMEX electronic volume on CME Globex averaged 220,687 contracts per day
for July 2008, and represented a 95% increase over 113,109 contracts per day
in July 2007 electronic volume. COMEX floor-traded average daily volume was
43,533 contracts for July 2008.
Average daily volume on NYMEX ClearPort(R) was 502,748 contracts for July
2008, compared to 365,427 contracts for July 2007, representing a 38%
increase. The remaining volume of 83,839 trades per day consisted of other
transactions which include position transfers and exchanges.
Rolling Average Rate Per Contract -- The three month rolling average gross
rate per contract for the period May through July 2008 was $1.58, while the
average net rolling rate per contract, including direct transaction costs, for
the same period was $1.34. July rates per contract and direct transaction
costs are estimated (see Note below).
Final June Rate Per Contract -- The following represents the final June
2008 rates per contract after adjustments to the estimated rate per contract
we provided last month. Gross average rate per contract across all venues in
June 2008 was $1.57, while the net average rate per contract, including direct
transaction costs, was $1.35. This is compared to a gross average rate per
contract of $1.54, and a net average rate per contract of $1.28 for June 2007.
Direct transaction costs were $8.544 million for June 2008 versus $7.914
million for June 2007.
Estimated July Rate Per Contract -- The following July average rates per
contract are estimated (see Note below). Gross average rate per contract
across all venues in July 2008 was $1.58, while the net average rate per
contract, including direct transaction costs, was $1.33. This is compared to
gross average rate per contract of $1.50, and a net average rate per contract
of $1.24 for July 2007.
