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CME OPEN INTEREST ECLIPSES 4 MILLION, TWICE THAT OF NEXT LEADING U.S. EXCHANGE

 CME OPEN INTEREST ECLIPSES 4 MILLION,
 TWICE THAT OF NEXT LEADING U.S. EXCHANGE
 CHICAGO, Aug. 26 /PRNewswire/ -- Open interest, a leading indicator of business vitality for a financial exchange, eclipsed 4 million positions today at the Chicago Mercantile Exchange (CME), double the level of the next leading U.S. futures exchange and representing more than $3 trillion in assets under management.
 The record 4,030,896 open positions included 2,194,085 futures and 1,836,784 options. Records were also established in overall options and in total interest rate product open positions.
 Open interest at the CME is 50 percent higher than it stood on Jan. 1, and 55 percent more than the level one year ago. The CME first surpassed the 3 million open interest level on Nov. 21, 1991. In comparison, open interest at the next leading domestic futures exchange stood at approximately 2.07 million yesterday.
 "The world increasingly recognizes the value added by our diverse markets for risk and asset management," said CME Chairman Jack Sandner. "Four million in open interest, record seat values and a 30 percent growth in exchange volume all point to the fact that the Chicago Mercantile Exchange leads the world's financial exchanges."
 CME President and CEO Bill Brodsky said: "The world's major banks and investment firms, the most sophisticated institutional investors and the top money managers find the CME markets indispensable to their business needs. It is little wonder, then, that we have achieved such a high level of success."
 Through Aug. 1, overall CME volume was running nearly 30 percent ahead of its record 1991 pace. On Aug. 17, a full CME seat sold for a record $585,000, the highest among freely traded exchange memberships worldwide.
 -0- 8/26/92
 /CONTACT: Andrew Yemma of CME, 312-930-3434 or Fax: 312-930-3439/ CO: Chicago Mercantile Exchange ST: Illinois IN: SU:


LR -- NY059 -- 3537 08/26/92 14:22 EDT
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Date:Aug 26, 1992
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