Archive for 'Contracts'

Commodities Keep Rolling Along

Commodities posted gains in April despite mixed macroeconomic conditions. Prices were supported by increased inflation expectations and ongoing tensions in the Middle East.

Nelson Louie, Global Head of Commodities at Credit Suisse Asset Management, said, “Prices of risky assets generally increased for the month of April, while the US dollar continued to weaken. Precious metals once again took the spotlight in April, posting strong gains amidst currency uncertainty. Investor focus shifted towards the US debt burden, after Standard & Poor’s put the US on negative watch for the first time. Meanwhile, other countries, such as the UK, France and Germany, have also taken steps to address deficit reduction issues. Concerns over accelerated inflation in various parts of the world, and the future plans of troubled European nations, added to the risk premium for precious metals, while the ongoing situation in the Middle East coupled with strong export demand pushed Crude prices higher.”

Christopher Burton, Senior Portfolio Manager for the Credit Suisse Total Commodity Return Strategy, added, “With economies around the world improving, and continued extraordinarily loose monetary policy in the United States, odds of inflation overshooting historical levels and expectations remain elevated.  We believe investors will continue to benefit from the diversification benefits that commodities provide.”

The Dow Jones-UBS Commodity Index Total Return was up by 3.46% in April.  Overall, 11 out of 19 index constituents increased in value, with Precious Metals serving as the strongest sector as both Gold and Silver increased. Energy continued to fare well in April, gaining 5.90%, with Gasoline and Crude Oil leading the way, up 8.92% and 6.08% respectively.  Agriculture was neutral with mixed performance from its components. Gains on Corn (+7.70%) and Coffee helped to offset losses from Cotton and Sugar.  The Industrials Metals sector was down slightly, declining 0.50% for the month.  Concerns remain that Chinese economic growth may slow, curbing base metals demand.  Livestock was the worst performing sector, down 7.12%, erasing its gains from the first quarter when it was the Index’s top performing sector.  Lean Hogs fell 8.32% while Live Cattle declined 6.30% due to signs that consumers were curbing demand amid higher retail prices.

The Credit Suisse Total Commodity Return Strategy group periodically produces updates on relevant industry topics. For a copy of their white paper, “How Commodities Can Help Investors Face the Uncertainty of the Inflation/Deflation Debate“, please email ir.betastrategies@credit-suisse.com.

About the Credit Suisse Total Commodity Return Strategy

Credit Suisse’s Total Commodity Return Strategy has been managed for fourteen years and seeks to outperform the return of a commodities index, such as the Dow Jones–UBS Commodity Index Total Return or the S&P GSCI Total Return Index, using a quantitative commodity research process. Commodity index total returns are achieved through:

  • Spot Return: price return on specified commodity futures contracts;
  • Roll Yield: impact due to migration of futures positions from near to far contracts; and
  • Collateral Yield: return earned on collateral for the futures.

As of April 30, 2011 the team managed approximately USD 10.7 billion in assets globally.

Credit Suisse AG

Credit Suisse AG is one of the world’s leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,100 people. The registered shares (CSGN) of Credit Suisse’s parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse’s Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse’s Asset Management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

Important Legal Information

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

Certain information contained in this document constitutes “Forward-Looking Statements” (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe”, or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.

Copyright © 2011, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

CONTACT: Katherine Herring, Corporate Communications, Credit Suisse, +1-212-325-7545, katherine.herring@credit-suisse.com

Web Site: http://www.credit-suisse.com

Treaty Energy Corporation (OTCQB: TECO) Adds 30 Virgin Well Sites

Treaty Energy Corporation (OTCQB: TECO) Adds 30 Virgin Well Sites-Image by gurdonark via Flickr

Company Purchased the SHOTWELL W. F. and SHOTWELL “C” Leases on 138 Acres, with up to 30 Virgin Well Sites

Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today announced it has acquired two additional leases in Texas, the SHOTWELL W. F. and the SHOTWELL “C” leases.

Treaty indicated that production on these leases is currently 4.18 barrels of oil per day.  These leases require no work over and were purchased for their current production value, but more important to Treaty Energy is the additional 30 virgin well drilling sites which will be added to the list of wells that Treaty’s new Failing 1500 CF Drilling Rig will start drilling when permits are granted to do so.  Private financing to fund the drilling had been arranged prior to the acquisition of the Failing Drilling Rig.

Stephen L. York, Treaty Energy’s Vice President of Acquisitions and Operations, stated, “These leases are two of the most advanced small leases in the Country.  Scientific evaluations have been done as an experiment to see what can be achieved with a maximum effort and scientific approach.  Fluid levels have been ‘shot,’ water flooding plains logged, and geology available.”

Mr. York stated further, “The upside to this acquisition is that Treaty now has an additional 138 acres to drill on, which represents 30 or more virgin well sites.”

Treaty Energy’s CEO and Chairman, Andrew V. Reid, stated, “I am very pleased with the progress Steve is making on the development of Treaty Energy’s rapidly growing base of leases and production of oil in Texas.”

Treaty indicated that it will follow with an SEC Form 8-K on a timely basis, which will include all aspects of this purchase.

About Treaty Energy Corporation

Treaty is engaged in the acquisition, development and production of oil and natural gas.  Treaty acquires and develops oil and gas leases which have “proven but undeveloped reserves” at the time of acquisition.  These properties are not strategic to large exploration-oriented oil and gas companies.  This strategy allows Treaty to develop and produce oil and natural gas with tremendously decreased risk, cost and time involved in traditional exploration.  For more information go to: www.treatyenergy.com

Forward-Looking Statements:

Statements herein express management’s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, raising working capital and securing other financing; responding to competition and rapidly changing technology; and other risks.  These risks are detailed in the Company’s filings with the Securities and Exchange Commission, including Forms 10-KSB, 10-QSB and 8-K.  Actual results may differ materially from such forward-looking statements.

http://www.treatyenergy.com

– Double-digit year-over-year growth across all product lines in March

– Second highest total quarterly average daily volume ever

– Record quarterly average daily volume for Energy, Commodities and Metals product lines

CME Group, the world’s leading and most diverse derivatives marketplace, today announced March volume averaged 14.4 million contracts per day, up 31 percent from March 2010.  Total volume for March was 331 million contracts, of which a record 85 percent was traded electronically.  First-quarter 2011 volume averaged 13.8 million contracts per day, up 19 percent from first-quarter 2010, representing the second highest quarterly volume ever.

In March 2011, CME Group interest rate volume averaged 6.6 million contracts per day, up 33 percent compared with the prior March.  Treasury futures volume averaged 2.7 million contracts per day, up 48 percent compared with the same period in 2010, and Treasury options volume averaged 329,000 contracts per day, up 34 percent.  Contributing to the Treasury options growth, the newly launched weekly Treasury options grew to 14,000 contracts per day on average in March, up 28 percent from February 2011.  Eurodollar futures volume averaged 2.7 million contracts per day, up 32 percent versus March 2010, and Eurodollar options volume averaged 767,000 contracts per day, up 8 percent.

CME Group equity index volume averaged 3.5 million contracts per day, up 32 percent from March 2010.  CME Group foreign exchange (FX) volume averaged 1.0 million contracts per day, up 11 percent compared with the same period a year ago, reflecting average daily notional value of $134 billion.

CME Group energy volume averaged 1.8 million contracts per day, up 20 percent compared with March 2010.  CME Group agricultural commodities volume averaged a record 1.1 million contracts per day, up 60 percent compared with the prior March.  CME Group metals volume averaged 366,000 contracts per day, up 24 percent compared with the same period last year.

Electronic volume averaged 12.2 million contracts per day, up 34 percent from the prior March, while privately negotiated volume increased 33 percent, to 234,000 contracts per day. Average daily volume cleared through CME ClearPort was 493,000 contracts for March 2011, up 11 percent compared with March 2010.  Highlighting that commercial grain market participants are increasingly using CME Group cleared OTC products as part of their risk management toolkit, Corn Calendar Swaps volume reached a daily record of 11,710 contracts on the last day of the month, surpassing the previous record of 3,331 contracts set on Jan. 12, 2011. Open outcry volume averaged 1.4 million contracts per day in March 2011, up 12 percent versus the prior March.

During the first quarter, CME Group interest rate volume averaged 6.4 million contracts per day, up 25 percent compared with first-quarter 2010.  Treasury futures volume averaged 2.7 million contracts per day, up 32 percent compared with the same period a year ago, and Treasury options volume averaged 324,000 contracts per day, up 19 percent.  Eurodollar futures volume averaged 2.5 million contracts per day, up 26 percent versus first-quarter 2010, while Eurodollar options volume averaged 769,000 contracts per day, up 14 percent compared with the prior first quarter.

First-quarter 2010 CME Group equity index volume averaged 2.9 million contracts per day, up 3 percent.  CME Group FX volume averaged 961,000 contracts per day, up 8 percent compared with the same period a year ago, reflecting average daily notional value of $129 billion.

First-quarter CME Group energy volume averaged a record 2.0 million contracts per day, up 23 percent compared with the same period last year.  The energy complex posted record quarterly average daily volume in multiple contracts, including the global benchmark WTI futures and options, with respective volumes of 829,000 and 170,000 contracts per day; the benchmark Henry Hub Natural Gas Futures, with volume of 321,000 contracts per day, and Heating Oil, with volume of 128,000 contracts per day.

CME Group commodities and alternative investments volume averaged a record 1.2 million contracts per day, up 47 percent from first-quarter 2010.  CME Group metals volume averaged a record 376,000 contracts per day in first-quarter 2011, up 15 percent compared with the prior first quarter.

Electronic volume averaged 11.6 million contracts per day, up 21 percent from the prior first quarter, while privately negotiated volume increased 18 percent to 224,000 contracts per day.  Average daily volume cleared through CME ClearPort was 498,000 contracts for first-quarter 2010, up 5 percent compared with first-quarter 2010.  First-quarter open outcry volume averaged 1.5 million contracts per day, up 11 percent versus first-quarter 2010.

MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV

( in thousands)

Mar 2011 Mar 2010
Trading Days 23 23
PRODUCT LINE Mar 2011 Mar 2010 Percent Change
Interest Rates 6,611 4,961 33%
Equity Index 3,504 2,663 32%
FX 1,003 907 11%
Energy (including CME ClearPort) 1,794 1,497 20%
Commodities 1,108 692 60%
Metals (including CME ClearPort) 366 296 24%
Total 14,385 11,016 31%
VEN UE Mar 2011 Mar 2010 Percent Change
Open outcry 1,445 1,288 12%
CME Globex 12,212 9,105 34%
Privately negotiated 234 177 33%
CME ClearPort (OTC) 493 446 11%
QUARTERLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV

( in thousands)

Q1 2011 Q1 2010
Trading Days 62 61
PRODUCT LINE Q1 2011 Q1 2010 Percent Change
Interest Rates 6,424 5,120 25%
Equity Index 2,906 2,816 3%
FX 961 887 8%
Energy (including CME ClearPort) 1,973 1,609 23%
Commodities 1,154 785 47%
Metals (including CME ClearPort) 376 327 15%
Total 13,794 11,544 19%
VEN UE Q1 2011 Q1 2010 Percent Change
Open outcry 1,467 1,318 11%
CME Globex 11,605 9,562 21%
Privately negotiated 224 190 18%
CME ClearPort (OTC) 498 474 5%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT LINE Mar-11 Feb-11 Jan-11 Dec-10
Interest Rates 6,424 5,851 5,767 5,566
Equity Index 2,906 2,407 2,510 2,545
FX 961 891 903 887
Energy 1,973 1,846 1,674 1,581
Commodities 1,154 1,057 1,048 1,067
Metals 376 342 391 372
Total 13,794 12,394 12,293 12,018
VEN UE Mar-11 Feb-11 Jan-11 Dec-10
Open outcry 1,467 1,380 1,393 1,418
Electronic 11,605 10,356 10,283 9,978
Privately negotiated 224 210 214 222
CME ClearPort (OTC) 498 447 402 400
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT LINE Feb-11 Jan-11 Dec-10 Nov-10
Interest Rates 0.485 0.491 0.496 0.498
Equity Index 0.711 0.707 0.702 0.695
FX 0.820 0.811 0.804 0.795
Energy 1.608 1.637 1.631 1.606
Commodities 1.257 1.223 1.219 1.220
Metals 1.706 1.716 1.708 1.733
Total 0.820 0.816 0.813 0.815
VEN UE Feb-11 Jan-11 Dec-10 Nov-10
Exchange-Traded 0.748 0.748 0.748 0.751
CME ClearPort (OTC) 2.735 2.826 2.704 2.579

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.

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.   CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.  These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc.  CBOT and the Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners.

CME-G

CONTACT: Media, William Parke, 312.930.3467, or Michael Shore, 312.930.2363, both of CME Group, news@cmegroup.com; or Investor Contact, John Peschier, 312.930.8491, for CME Group

Web Site: http://www.cmegroup.com

Future Prices on Soybeans Expected Higher

Future Prices on Soybeans Expected Higher

Future Prices on Soybeans Expected Higher-Image via Wikipedia

T & K Futures and Options, Inc. believes that soybean futures prices will hit record highs based on the supply tightness in the United States. The profitability advantage for farmers of corn, cotton and spring wheat may limit soybean acreage and high energy prices may lead to increasing demand for bio-diesel.

T & K Futures and Options, Inc. believes that soybean futures prices will hit record highs based on the supply tightness in the United States. The profitability advantage for farmers of corn, cotton and spring wheat may limit soybean acreage and high energy prices may lead to increasing demand for bio-diesel.

The recent USDA report estimated the U. S. soybean stocks to usage ratio at 4.2%. A stocks to usage ratio of 4.2% would be the tightest since 1965. The weak U.S. dollar has made U.S. soybean prices very attractive to foreign buyers like China who also buy from South America. South American production has the potential to alleviate some of the global tightness with a larger than expected crop if all goes well with weather and shipping this year.

There is a current profitability advantage for farmers to plant corn, cotton and spring wheat at the expense of soybeans. Farmers are getting more money per acre planting those three crops than they would planting soybeans making the fight for acreage a losing proposition for soybeans over the near term. A large soybean futures price rally will be necessary to change many farmers’ minds about planting this year’s crop. Visit http://www.tkfutures.com/soybeans.htm to learn more about soybean futures and options trading.

High energy prices that increase demand for soybean oil as bio-diesel may increase along with more profitable prices. Tension in the Middle East and the coming driving season may also help keep energy prices high and therefore soybean oil demand higher for the next few months. Visit http://www.tkfutures.com/education.htm to learn more about the mechanics of futures and options trading.

The author of this article is a 17 year veteran of the futures and options markets and the president of T & K Futures and Options, Inc. Past performance is not indicative of future results. Futures, options and foreign exchange products carry significant risk of loss.

Eagle Oil Holding Company, Inc. (Pink Sheets: EGOH) to Re-Start Operations

Eagle Oil Holding Company, Inc. (Pink Sheets: EGOH) to Re-Start Operations-Image by joshuadelaughter via Flickr

Eagle Oil Holding Company, Inc. (Pink Sheets: EGOH) (the “Company”) today announced the formal re-launching of its oil production business to take advantage of near record prices for crude oil.  The Company’s new, multi-pronged strategic plan for restoring field operations and shareholder value, which is being implemented immediately, includes:

Field Operations – The Company’s plans to restart oil pumping operations at its East Texas oil field by partnering with an experienced oil field service company which would provide the necessary capital and resources to restore oil pumping operations with no capital investment by the Company.  The Company is currently in late stage negotiations with a potential partner capable of providing the resources needed to renovate the Company’s 173 oil wells and restart pumping operations.

Debt Restructuring – The Company has adopted a debt restructuring plan designed to eliminate most of the Company’s long term debt by converting it into shares of Eagle Oil common stock at a price which is several times higher than the current market price for Eagle Oil common stock.  The plan requires that at least 90% of creditors in interest agree to the plan.  Several creditors have already agreed and the Company believes that once this plan is fully adopted by creditors, the elimination of essentially all of the Company’s long-term debt, will enhance the Company’s ability to seek additional funding and business opportunities.

Financial Reporting and OTCBB Listing – The Company intends to seek re-listing on the OTCQB by restoring the Company to full ’34 Act compliance within the next few months.

President Brian Wilmot said, “With crude oil prices are approaching record high levels, we believe this to be the right time to re-launch Eagle Oil’s business.  We believe that our three-prong business strategy of reducing debt, restarting oil operations and re-listing the Company on the OTCBB will greatly enhance shareholder value.”

About Eagle Oil Holding Company

Eagle Oil (EGOH) (www.eagleoilholdingco.com) is an independent, growth-oriented energy company engaged in the exploration and production of oil through the development of a repeatable, low geological risk, high potential project in the active East Texas oil and gas region.  The Company owns a 78% working interest in 173 wells on its 927 acres located in the Historic Woodbine Oil Field.  The Company’s goal is to recondition and restore production at all of its wells.  Engineering reports show that Eagle Oil’s East Texas field contains over 12,000,000 barrels of recoverable oil.

Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.  In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “should,” “intends,” “will,” or “plans” to be uncertain and forward-looking.  The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with the Securities and Exchange Commission.

Contact:
Eagle Oil Holding Company, Inc., Brian Wilmot, President. (209) 736-4854

CONTACT: Brian Wilmot, President of Eagle Oil Holding Company, Inc., +1-209-736-4854

Web Site: http://www.eagleoilholdingco.com

Futures Contracts Now Part of BNY Mellon Game Plan

Futures Contracts Now Part of BNY Mellon Game Plan-Image via Wikipedia

BNY Mellon Investment Firm Utilizes Futures Contracts in Broad Range of Liquid Commodities

Mellon Capital Management, part of BNY Mellon Asset Management, has launched its Commodity Alpha Long-Bias Strategy, a commodities strategy designed to provide institutional investors with diversification beyond equities and fixed income and to provide a hedge against inflation.

The strategy is designed to add value by taking long and short positions in futures contracts for a range of liquid commodities including energy, precious metals, industrial metals, grains, livestock and other agricultural products. The strategy’s managers seek positions in the commodities markets that appear attractive by evaluating various factors that can influence commodity futures prices.

“The commodities markets offer distinct investment opportunities as many of its participants are in these markets for reasons other than maximizing investment profits,” said Eric Goodbar, managing director and alternatives strategist for Mellon Capital. “For example, producers, processors and consumers of commodities trade to lock in physical delivery or hedge their profit margins.”

While maintaining a net long position, the strategy generally uses longer-dated futures contracts and takes long or short positions in contracts with positive roll returns with the goal of mitigating the costs associated with rolling futures.

Notes to Editors:

Founded in 1983 by innovators in the investment management field, Mellon Capital Management Corporation applies a disciplined and analytical approach to global investment management strategies. As of December 31, 2010, the firm had $208 billion in assets under management, including assets managed by dual officers of Mellon Capital Management Corporation, The Bank of New York Mellon and The Dreyfus Corporation, and $9.2 billion in overlay strategies. Additional information about Mellon Capital is available at www.mcm.com. It is part of BNY Mellon Asset Management, one of the world’s largest asset managers.

BNY Mellon Asset Management is the umbrella organization for BNY Mellon’s affiliated investment management firms and global distribution companies.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $25.0 trillion in assets under custody and administration and $1.17 trillion in assets under management, services $12.0 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.

All information source BNY Mellon Asset Management at December 31, 2010. This press release is qualified for issuance in the UK and US and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorised. This press release is issued by BNY Mellon Asset Management (US) and BNY Mellon Asset Management International Limited (ex-US) to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. Registered office of BNY Mellon Asset Management International: The Bank of New York Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorised and regulated by the Financial Services Authority

A BNY Mellon Company(SM)

CONTACT: Mike Dunn, +1-212-922-7859, mike.g.dunn@bnymellon.com; or Jamie Brookes, +44 20 7163 2146, jamie.brookes@bnymellon.com

Web Site: http://www.bnymellon.com

– Record energy average daily volume of 2.2 million contracts, up 26 percent

– Record Light Sweet Crude Oil (WTI) average daily volume of 935,000 contracts, up 39 percent

– Record agricultural commodities average daily volume of 1.3 million contracts, up 44 percent

CME Group, the world’s leading and most diverse derivatives marketplace, today announced February volume averaged 14.7 million contracts per day, up 17 percent from February 2010, and up 19 percent from January 2011.  Total volume for February was 279 million contracts, of which 83 percent was traded electronically.

In February 2011, CME Group interest rate volume averaged 7.4 million contracts per day, up 30 percent compared with the prior February, and was the highest monthly average daily volume since May 2010.  Treasury futures volume averaged 3.3 million contracts per day, up 24 percent compared with the same period in 2010, and Treasury options volume averaged 372,000 contracts per day, up 36 percent.  Eurodollar futures volume averaged 2.7 million contracts per day, up 35 percent versus February 2010, and Eurodollar options volume averaged 890,000 contracts per day, up 45 percent.

CME Group equity index volume averaged 2.6 million contracts per day, down 14 percent from February 2010.  CME Group foreign exchange (FX) volume averaged 933,000 contracts per day, in line with the same period a year ago, reflecting average daily notional value of $126 billion.

CME Group energy volume averaged 2.2 million contracts per day, up 26 percent compared with February 2010.  Driving this strong growth in energy, WTI futures and options were up 39 percent and 35 percent for the month, respectively.  The options contract set its third daily volume record of the year, with 325,000 contracts on February 23, surpassing the previous record of 294,000 contracts set at the end of January 2011.

CME Group agricultural commodities volume averaged a record 1.3 million contracts per day, up 44 percent compared with the prior February.  CME Group metals volume averaged 352,000 contracts per day, up 4 percent compared with the same period last year.

Electronic volume averaged 12.2 million contracts per day, up 16 percent from the prior February, while privately negotiated volume increased 16 percent, to 254,000 contracts per day. Average daily volume cleared through CME ClearPort was 548,000 contracts for February 2011, up 17 percent compared with February 2010.  Open outcry volume averaged 1.7 million contracts per day in February 2011, up 26 percent versus the prior February.

MONTHLY AVERAGE DAILY VOLUME (ADV)
Total Exchange ADV

( in thousands)

Feb 2011 Feb 2010
Trading Days 19 19
PRODUCT LINE Feb 2011 Feb 2010 Percent Change
Interest Rates 7,368 5,671 30%
Equity Index 2,554 2,956 -14%
FX 933 931 0%
Energy (including CME ClearPort) 2,150* 1,706 26%
Commodities 1,315 913 44%
Metals (including CME ClearPort) 352 338 4%
Total 14,672 12,515 17%
VEN UE Feb 2011 Feb 2010 Percent Change
Open outcry 1,709 1,354 26%
CME Globex 12,160 10,476 16%
Privately negotiated 254 218 16%
CME ClearPort (OTC) 548 467 17%
ROLLING THREE-MONTH AVERAGES
Average Daily Volume (In thousands)
3-Month Period Ending
PRODUCT LINE Feb-11 Jan-11 Dec-10 Nov-10
Interest Rates 5,851 5,767 5,566 5,608
Equity Index 2,407 2,510 2,545 2,837
FX 891 903 887 935
Energy 1,846 1,674 1,581 1,693
Commodities 1,057 1,048 1,067 1,125
Metals 342 391 372 365
Total 12,394 12,293 12,018 12,563
VEN UE Feb-11 Jan-11 Dec-10 Nov-10
Open outcry 1,380 1,393 1,418 1,484
Electronic 10,356 10,283 9,978 10,422
Privately negotiated 210 214 222 222
CME ClearPort (OTC) 447 402 400 434
Average Rate Per Contract (In dollars)
3-Month Period Ending
PRODUCT LINE Jan-11 Dec-10 Nov-10 Oct-10
Interest Rates 0.491 0.496 0.498 0.497
Equity Index 0.707 0.702 0.695 0.696
FX 0.811 0.804 0.795 0.793
Energy 1.637 1.631 1.606 1.558
Commodities 1.223 1.219 1.220 1.242
Metals 1.716 1.708 1.733 1.750
Total 0.816 0.813 0.815 0.816
VEN UE Jan-11 Dec-10 Nov-10 Oct-10
Exchange-Traded 0.748 0.748 0.751 0.749
CME ClearPort (OTC) 2.826 2.704 2.579 2.439

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.

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.   CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.  These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago.  NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners.  Further information about CME Group (Nasdaq: CME) and its products can be found at www.cmegroup.com.

CME-G

CONTACT: Media, William Parke, +1-312-930-3467, or Michael Shore, +1-312-930-2363, news@cmegroup.com, www.cmegroup.mediaroom.com, or Investors, John Peschier, +1-312-930-8491, all of CME Group

Web Site: http://www.cmegroup.com

Crude Oil Contracts Hit New Record

Crude Oil Contracts Hit New Record

Crude Oil Contracts Hit New Record-Image via Wikipedia

CME Group, the world’s leading and most diverse derivatives marketplace, today announced record volume for its global benchmark Light Sweet Crude Oil (WTI) futures and options contracts. On Friday, January 28, WTI futures reached a record of 1,472,088 contracts, surpassing the previous record of 1,423,536 contracts set on April 13, 2010. WTI daily options volume also reached a record of 290,365 contracts, surpassing the prior record of 282,860 contracts set on September 16, 2008.

“WTI continues to be the most liquid and most transparent crude oil benchmark in the global marketplace today,” said Joe Raia, Managing Director, Energy & Metals Products, CME Group. “These records are indicative of WTI’s ability to properly respond to changing world events and supply and demand factors, while providing critical transparency to the world’s energy market.”

So far in January, average daily volume (ADV) for WTI futures is up 56 percent year-over-year to 891,646 contracts, while WTI options ADV increased 16 percent to 158,359. Combined WTI futures and options ADV grew 48 percent year-over-year to more than 1,050,005 contracts during the same timeframe.

CME Group Light Sweet Crude Oil (WTI) futures and options contracts are listed by and subject to the rules of NYMEX.

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.   CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.  These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago.  NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc.  All other trademarks are the property of their respective owners.  Further information about CME Group (Nasdaq: CME) and its products can be found at www.cmegroup.com.

CME-G

CONTACT: Media, Chris Grams, +1-312-930-3435, or Anita Liskey, +1-312-466-4613, news@cmegroup.com, or Investors, John Peschier, +1-312-930-8491, all of the CME Group

Web Site: http://www.cmegroup.com