BrokerTec Futures Exchange Volume Up 54% For The First Four Months Of This Year Over The Same Period Last Year - Open Interest On April 30th Hits An All-Time High Of 34,440 Contracts

BrokerTec Futures Exchange (BTEX), the nation's only fully-electronic fixed income futures exchange, announced today that volume year-to-date is up 54 percent over the same period last year - turnover for the first four months of 2003 was 669,763 contracts compared to 435,103 contracts during the first four months of 2002.

In addition, open interest on April 30th hit a record high of 34,440 contracts, up nearly 45 percent over the 23,773 contracts one year earlier. A total of 138,142 contracts traded during the month of April, down 1.4 percent from the 140,104 contracts traded in April 2002.

Volume in the 10-year U.S. Treasury note was 57,502 contracts; turnover in the 5-year U.S. Treasury note was 43,197; while 37,443 30-year U.S. Treasury bond futures contracts were traded in April.