In addition, BTEX gained momentum with new daily records throughout November. On November 14th, BTEX announced that it surpassed 30,000 contracts traded in a single day for the first time, setting a daily screen-traded volume record of 31,380. Record volumes in 10-year Treasury note and 30-year Treasury bond futures of 13,641 and 12,986 contracts, respectively, were also set. The exchange also reached a new record for weekly volume when 140,715 contracts were traded during the week of November 4th, a 98% increase over the previous weekly record of 71,268 contracts.
"BTEX's two millionth contract milestone and record November is a tribute to the unyielding support and participation from our expanding base of end-users and members," said Hank Mlynarski, President, BrokerTec Futures Exchange. "In just 12 months since commencing trading in U.S. Treasury bond and note futures, BTEX has proven to be a viable electronic trading venue as the quality and depth of our market continues to improve."
The increase in volume and liquidity is being fueled by a significant rise in interest from institutional traders. "In 2003, our goal is to increase volume and liquidity further by maintaining tight, liquid, competitive markets at a low cost. In turn, we will continue to experience increased performance and participation from market makers, e-locals, proprietary traders and institutional end users," added Mr. Mlynarski.
BrokerTec Futures Exchange is a designated contract market approved by the CFTC that offers a low-cost solution for the electronic trading of U.S. fixed income financial futures. BTEX, a subsidiary of BrokerTec Global, is owned and supported by a broad cross section of futures industry participants, including global financial institutions and banks, major securities firms, futures commission merchants, as well as a variety of proprietary trading firms and individuals. BTEX commenced trading in U.S. Treasury securities futures contracts on November 30, 2001. For more information, go to www.btecfutures.com.
