CBOT 10-Year Interest Rate Swap Futures Set New Volume Record

Continuing to display one of the exchange's best new-product performances, the Chicago Board of Trade's (CBOTâ) 10-Year Interest Rate Swap futures contract set a new daily volume record of 16,411 contracts on Tuesday, August 27. The former daily volume record of 12,414 contracts was set May 28, 2002.

The exchange currently is preparing the expansion of its swaps complex to include options on 10-Year and 5-Year Interest Rate Swap futures. ABN AMRO Bank N.V., currently the designated open auction and electronic market maker for the complex's existing 10-Year and 5-Year Swap futures, also will make markets for CBOT® Options-on-Swap futures. The CBOT expects to launch these new contracts in its open auction and electronic markets in the fall of 2002.