NYMEX Holdings Inc, the parent company of the New York Mercantile Exchange, the world?s largest physical commodities futures and options exchange, 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 electronic trading platform averaged 8.23 lakh contracts per day for July 2008, representing a 29% increase over 6.37 lakh contracts per day in July 2007 electronic volume. NYMEX floor-traded energy futures and options averaged 2.09 lakh contracts per day for July 2008. Average daily volume is based on 22 trading days for July 2008 and 21 days for July 2007.
COMEX electronic volume on CME Globex averaged 2.21 lakh contracts per day for July 2008, and represented a 95% increase over 1.13 lakh 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 was 5.03 lakh contracts for July 2008, compared to 3.65 lakh 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.
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.
Direct transaction costs were $8.544 million for June 2008 versus $7.914 million for June 2007. 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.