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 Lesson 14 - Fun Facts & Stats About Futures
Lesson 14 - Fun Facts & Stats About Futures - Instant Futures Lessons

Believe it or not...

CME's trading floor fan systems move enough air to heat or cool 100 average size homes.
200 IOM (Index and Option Market) memberships were offered when it was first established in 1982 at a price of $60,000 each. As of January 1, 2000, there were 1,287 memberships. Since then these seats have sold for as much as $345,000.
The main lights used for both the upper and lower trading floors are 400 watt metal halide bulbs. Each bulb produces the equivalent of twenty 100 watt home bulbs.
Butter was originally traded at CME in units of "car lots". With each unit comprising 300 tubs of 64 pounds of butter. One carload was thus 19,200 pounds of butter.
The escalators which service both trading floors are some of the fastest in Chicago, moving at an average speed of 90-95 feet per minute.
Volume for the S&P 500 stock index futures on its first day of trading on April 21, 1982 was 3,963 contracts - a CME record for first-day volume at the time. In 1999, average daily volume was over $100,000 and this contract was the second highest in volume at CME after Eurodollars. The third largest was the E-mini S&P - a smaller version of the regular contract designed for individual traders and traded online.
CME was the first exchange to trade a contract on a living animal - Live Cattle futures. The contract opened on November 30, 1964, at $24.00 with volume of 117 contracts.
Both CME trading floors are actually "raised" floors, that is, they are supported by a series of interlocked stilts. The space between the raised floors varies from 6 inches to several feet and is used for electric, phone, and data wiring. It also houses an advanced smoke detector system.
Approximately 39 cubic yards of waste paper are produced on the CME trading floor each day. This is the equivalent of 80 large trash bags.
Each trading booth can be set up with as many as 100 separate phone lines for both voice and/or data transmission.
It takes approximately 100 gallons of floor wax to treat each of CME's trading floors. Each floor is stripped and waxed four times a year.

CME statistics

Futures Contract Traded (Numbers Rounded)
1970 13 million
1975 32 million
1980 92 million
1985 158 million
1990 276 million
1995 395 million
1999 201 million

 

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