The trading volume record (led by Sugar #11 with 162,318 total contracts and the FINEX currency markets with 53,006 contracts) broke the previous all time high of 267,838 contracts established on June 2, 2004. Trading at NYBOT in the first nine months of 2005 has been running over 14% ahead of the all-time record year of 2004.
Along with the record trading activity, seat prices have climbed significantly in recent months. The seat prices began the day with a record sale of $390,000 only to surpass it later in the day with another sale at $395,000. The previous mark had been established on August 18 at $375,000.
“The record trading volumes demonstrate not only the increased focus on the commodity sector but the critical economic role of our markets in times of increased price risk in the core commodities they represent,” stated C. Harry Falk, NYBOT President and CEO. “The rising price of a seat on our Exchange illustrates the value placed on our current record setting performance and our prospects for continued growth,” he added.
A full NYBOT seat allows the owner the right to trade every product at the exchange, including all agricultural and financial products, as well as both futures and options contracts.
Recent seat sales are posted on the new exchange website (www.nybot.com) in the NYBOT Services section. Historical market data is also available at the new NYBOT.com.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at the new www.nybot.com. Easy access to real time market data and related services is available through www.nybotlive.com.
