CBOT 1999 Volume At 254,561,215 Contracts

The Chicago Board of Trade (CBOT), yesterday announced total 1999 year-end volume of 254,561,215 contracts, marking six consecutive years CBOT topped 200 million contracts. December trading volume was 13,938,312. CBOT Shattered Seven Volume Records In 1999: 10-Year Treasury Note options set a yearly volume record of 9,738,808; 30-Day Fed Fund futures set a yearly volume record of 1,023,716; CBOT® DJIASM futures set a yearly volume record of 3,852,366; Wheat futures set a yearly volume record of 6,570,025; Soybean Oil options set a yearly volume record of 801,367; Oat options set a yearly volume record of 56,418; Rough Rice options set a yearly volume record of 48,515, and set a daily open interest record on December 15, at 15,487. December Highlights Included: Total exchange month-end open interest: 4,063,938; December average daily volume: 633,560; Total December Project A® volume: 533,277, for an average daily volume of 24,240. In 1999, more than 2.1 million electronic customer orders were sent to brokers; more than 660,000 of those orders were filled. The volume of electronically-routed orders was 300% greater than in 1998. In 1999, more than 8.5 million electronic customer contracts were sent to brokers; more than 3.7 million contracts were filled. The volume of electronically-routed contracts was 240% greater than in 1998.On October 27 a record 21% of all customer orders were filled by brokers using electronic order entry devices. This represented 27% of all agricultural orders and 10% of all financial orders. Record weekly contract volume for electronically-filled customer orders: 21% corn, 21% soybeans 25% wheat, 67% oats, 15% front month bonds, 13% front month DJIA. On October 8, the most active firm had 1,880 customer orders filled by brokers using electronic order entry devices. All orders were electronically confirmed on a real-time basis. Approximately 1/3 of the 14,000 daily electronically-routed customer orders originates from member firm Internet order entry systems. There are over 280 CBOT trading booth and broker order routing devices on the trading floor. More than 1/3 of the 950 floor brokers can be sent electronically-routed orders. CBOT Full membership last traded at $415,000 on December 30, 1999. CBOT Associate membership last traded at $128,100 on January 2, 2000. CBOT Commodity options membership last traded at $38,000 on December 31, 1999. CBOT IDEM membership last traded at $28,000 on December 30, 1999. Ten-Year Treasury note futures were up 4.8% for the year at 34,045,758 contracts; Thirty-Day Fed Funds futures were up 35.8% from December 1998 at 72,234, and up 21.2% for the year at 1,023,716 contracts. Wheat futures were up 15.6% for the year at 6,570,025 contracts; Oat futures were up 7.6% from December 1998 at 20,370 contracts.