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CBOT 100oz. Gold Open Interest Surpasses 10,000 Contracts And Sets New Record

Date 03/11/2005

The Chicago Board of Trade (CBOT®) announced today that open interest for the Exchange’s 100 oz. Gold futures contract surpassed 10,000 contracts setting a new record of 10,054 contracts on November 2, surpassing the previous record of 9,739 contracts. Overall, the CBOT’s electronically traded Precious Metals Complex’s open interest closed at 19,149 contracts yesterday.

CBOT Senior Vice President of Business Development Robert Ray said, “Over the past year, we have witnessed a steady climb in open interest and volume with our Gold futures contract since we moved our Precious Metals Complex to the screen. Surpassing the 10,000 contract mark shows that market participants are attracted to the immediate benefits that the electronic environment offers, such as immediate trade certainty and straight-through processing.”

The CBOT’s Precious Metals Complex, composed of full-sized and mini-sized Gold and Silver futures contracts, first surpassed 10,000 contracts in September. Within the complex, the CBOT 100 oz. Gold futures contract also experienced all-time highs in volume and open interest at that time. For more information, please visit the CBOT web site at www.cbot.com/metals.