CHICAGO (Commodity Online): CME Group, the world's largest and most diverse derivatives marketplace, has announced that November volume averaged 10.8 million contracts per day, up 5 percent from November 2008 and representing the first month of positive year-over-year growth to date in 2009.

Total volume was 216 million contracts for November, of which 82 percent was traded electronically. Electronic volume averaged 8.8 million contracts per day, up 7 percent from the prior November. Average daily volume cleared through CME ClearPort was 427,000 contracts for November 2009, up 3 percent compared with November 2008. CME Group year-to-date volume through November averaged 10.4 million contracts per day.

November represented a record volume month for metals and the highest monthly volume to date in 2009 for foreign exchange (FX). CME Group metals volume averaged a record 372,000 contracts per day for November 2009, up 68 percent compared with the prior November, and up 55 percent from October 2009. CME Group FX volume averaged 782,000 contracts per day, up 66 percent compared with the prior November, reflecting average daily notional value of approximately $106 billion, a record for a non-roll month.

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In November, CME Group interest rate volume demonstrated the best year-over-year growth of the year, averaging 4.8 million contracts per day, up 28 percent compared with November 2008, and up 7 percent compared with the prior month. Eurodollar futures volume averaged 1.6 million contracts per day, up 28 percent versus November 2008, while Eurodollar options volume averaged 678,000 contracts per day, up 12 percent. Treasury futures volume averaged 2.2 million contracts per day, up 41 percent compared with the same period a year ago. CME Group equity index volume averaged 2.5 million contracts per day, down 37 percent from November 2008. CME Group energy volume averaged 1.5 million contracts per day, up 21 percent compared with the same period last year. CME Group commodities and alternative investments volume averaged 862,000 contracts per day, up 19 percent from November 2008, and up 10 percent sequentially.

Average daily volume and rate per contract figures from 2008 have been revised due to standardizing NYMEX reporting conventions to follow CME's treatment of post-trade transactions such as exercises, assignments and deliveries.

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