CBOT Chairman Charles P. Carey noted, "In posting a gain of 29%, exchange volume continues the strong upward trend of the 2003 first quarter, demonstrating that in times of economic uncertainty in both the financial and agricultural sectors, market participants trust in the liquidity and integrity of CBOT markets to effectively manage their risk."
April Highlights and Records Included:
- April average daily volume at 1,459,155, up 35.2% from April 2002 and YTD daily average of 1,534,059, greater by 32.4% than in 2002.
- Total exchange open interest on April 30 was 7,161,420, up 14.3% from a year before, and up 8.5% from March 2003.
- Financial futures and options trade in April at 23,412,425 was up 32.0% from a year before and at 100,880,602, up 36.4% YTD.
- Agricultural futures and options volume at 5,992,898 was up 11.2% from a year earlier and at 20,330,198 up 7.6% for the YTD.
- 30-Day Fed Funds Options (open auction) set a daily volume record at 22,385 on April 22, and a monthly volume record (open auction) at 203,275.
- Daily volume records (all open auction) were set for mini-sized Corn futures at 1,085 on April 25; mini-sized Soybean futures at 3,457 on April 30; and mini-sized Wheat futures at 199 on April 29. Monthly volume records (all open auction) included mini-sized Soybean futures at 26,530; mini-sized Corn futures at 5,027; mini-sized Wheat futures at 1,264.
- Monthly volume (open auction) record in Rough Rice futures at 43,702 and one daily volume record (combined) for Rough Rice futures at 43,826.
- There were nine daily open interest records (all open auction) during April, including Five-Year Treasury note futures at 883,678 on April 24; Five-Year Treasury note options at 698,440 on April 25; Soybean futures at 264,241 on April 15; Soybean Meal futures at 174,095 on April 30; 30-Day Fed Funds options at 140,965 on April 30; Rough Rice futures at 12,679 on April 28; mini-sized Soybean futures at 5,829 on April 7; mini-sized Corn futures at 2,853 on April 23; and mini-sized Wheat futures at 1,109 on April 14.
Financial Futures and Options Highlights
- Treasury bond futures April volume was 3,795,039, with YTD trade at 17,368,089.
- Treasury bond options April volume was 853,945; YTD 4,006,285, up 5.9% from 2002.
- Ten-Year Treasury note futures trade at 9,377,180, up 71.6% from April 2002 and YTD at 40,564,796, up 69.5% from a year earlier.
- Ten-Year Treasury note options April volume at 2,914,629 was up 5.6% from 2002, and YTD at 11,790,022 was up 26.8% from a year before.
- Five-Year Treasury note futures April volume at 4,623,568 was up 49.5% from 2002, and at 19,771,342 YTD was up 45.0% from a year ago.
- Five-Year Treasury note options April trade was 801,568, and YTD at 3,304,459 was up 28.5% from 2002.
- Two-Year Treasury note futures April volume was 153,316 and YTD was 985,562.
- Two-Year Treasury note options April volume was 2,753 and YTD was 7,228.
- 30-Day Fed Funds futures April trade was 638,655, up 49.1% from 2002, and YTD at 2,372,325 was up 16.6% from last year.
- 30-Day Fed Funds options April volume was 203,275 and YTD was 265,274.
- Ten-Year Interest Rate Swap futures April volume was 24,208 and YTD at 292,971 was up 138.3% from 2002.
Agricultural Futures and Options Highlights
- Corn futures April volume was 1,633,109, up 9.0% from 2002 and YTD at 5,555,095 up 13.6% from the year before.
- Corn options trade in April was 274,855, up 15.1% from March 2003 and YTD was 1,059,638.
- Soybean futures volume in April at 1,588,902 was up 28.3% from 2002, up 59.4% from March 2003 and YTD at 5,076,167 was up 18.5% from 2002.
- Soybean options April volume was 405,271, up 20.8% from 2002, up 75.1% from March 2003, and YTD totaled 1,217,463.
- Soybean Meal futures April volume at 676,739 was up 9.3% from 2002, up 28.2% from March 2003 and YTD at 2,395,491 was up 16.7% from 2003.
- Soybean Meal options April volume was 47,517, up 31.4% from 2002, up 87.0% from March 2003, and YTD was 133,613.
- Soybean Oil futures in April totaled 618,483, up 24.4% from 2002, up 30.6% from March 2003, and YTD at 2,155,761 was up 11.2% from 2002.
- Soybean Oil options in April total 46,450, up 32.1% from 2002, up 15.2% from March 2003, and YTD at 183,247, up 6.9%.
- Rough Rice futures in April totaled 43,826, up 174.8% from 2002, up 187.6% from March 2003 and up 120.4% YTD at 110,060.
Stock Index Futures and Options
- Equity Index futures and options volume was 1,224,540, up 100.9% from April 2002, and YTD at 4,541,645, up 114.3% from 2002.
- CBOT DJIASMsm futures volume in April was 428,972 and YTD was 1,867,121.
oCBOT $5 mini Dow Jones Index futures volume for April was 781,903, up 722.1% and YTD at 2,623,785 was up 2,658.8% from 2002.
CBOT Electronic Trading System
- Volume in April reached 15,446,371, up 100.8% from 2002; at 62,806,629 YTD volume was up 110.1%.
- Average daily trading volume in April was 735,541, up 110.3% from 2002; at 765,935 YTD average daily volume was up 110.1% from 2002.
- Daily volume records in April included Two-Year Treasury note futures at 8,433 on April 3; $5 mini Dow Jones Index futures at 50,556 on April 22; and Dow Jones AIG Index futures at 1,300 on April 2.
- Monthly volume records set were Dow Jones AIG Index futures 7,046; $5 mini Dow Jones Index futures at 781,903; Two-Year Treasury note futures at 31,183; and Rough Rice futures at 124.
- Dow Jones AIG Index futures set a daily open interest record at 2,796 on April 11.
CBOT Order Routing Statistics
- Year-to-date, 1,887,468 futures and options orders, excluding futures spreads, were electronically sent directly to floor brokers using order receipt devices.
- Monthly totals for both Financial and Agricultural orders filled by brokers using order receipt devices (Electronic Clerk).
- Futures: Financial room- 45%; Agricultural room- 62% (new high); Total (Agricultural and Financial)- 56%
- Options: Financial room- 11%; Agricultural room- 43% ; Total (Agricultural and Financial)- 32%
CBOT Seat Sales
- CBOT Full membership last traded at $365,000 on April 23, 2003.
- CBOT Associate membership last traded at $153,500 on April 28, 2003.
- CBOT Commodity Options membership last traded at $40,000 on April 30, 2003.
- CBOT IDEM membership last traded at $32,750 on May 1, 2003.
- CBOT GIM membership last traded at $70,000 on April 30, 2003.
For additional information, see the volume and open interest statistics on the CBOT Website.
