CBOT Dow News & Highlights: February 23, 2004 - Steady Growth - Tight Markets

Both mini-sized Dow^SM Futures Options & TMI Futures continue to grow in daily trading and open interest. Both products set trading and open interest records within the last week.

TMI Futures traded with bid/ask spreads the first two weeks ranging from .05 - .15 (1-3 ticks) normally 4 levels deep.

CBOT® mini-sized Dow Options average at-the-money bid-offer spread is 6 ticks, average size at the bid and offer is 200 contracts.

Both mini-sized Dow Options & TMI Futures trade 100% electronically and are supported by multiple electronic market makers.