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CME Open Interest In Eurodollar Options Surpasses 10 Million Mark As Electronically Traded Foreign Exchange Futures Reach New Volume High

Date 14/11/2001

For the first time yesterday, Nov. 13, open interest in options on Eurodollar futures traded on Chicago Mercantile Exchange Inc. (CME) surpassed the 10 million mark with 10,007,606 positions. Also yesterday, electronic trading volume in foreign exchange futures at Chicago Mercantile Exchange Inc. (CME) set a new record of 34,959 contracts, representing a notional value of approximately $6.6 billion.

Included in the foreign exchange volume record, electronically traded Swiss franc futures volume set a record with 6,442 contracts, up from the previous record of 5,037 on June 12.

The previous overall foreign exchange record was 33,508 contracts set on Oct. 29. CME foreign exchange futures are traded virtually around the clock on GLOBEX®2, the CME's electronic trading platform.

In addition, CME has posted 11 consecutive days of record open interest exchangewide beginning on Oct. 30 with 15,985,674 positions and reaching a new all-time high yesterday of 17,313,269 positions. Also on Nov. 13, E-mini S&P 500 futures set an open interest record with 225,806 positions, topping the previous record set on Nov. 9 with 220,699 positions.

The previous record in Eurodollar options was 9,993,610 positions set on Nov. 6. Open interest is the number of futures and options contracts outstanding at the close of trading each day.

Chicago Mercantile Exchange Inc. (www.cme.com) is an international marketplace that brings together buyers and sellers on its trading floors and GLOBEX®2 around-the-clock electronic trading system. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moves about $1.5 billion per day in settlement payments and manages $28.4 billion in collateral deposits.