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CBOT Financial Options Electronic Volume Reaches New High - Exchange-Wide Open Interest Surpasses 16 Million Contracts

Date 20/04/2006

The Chicago Board of Trade (CBOT®) announced today that electronic options volume set a new record on Wednesday, April 19.  Further, Exchange-wide open interest reached another new milestone, surpassing 16 million contracts for the first time.

CBOT Financial options electronic volume climbed to 152,240 contracts, compared with the prior record of 125,783 contracts set on November 4, 2005.  Yesterday, nearly 25 percent of all Financial options traded at the CBOT were executed electronically, another new record.  Further, 61 percent of Financial options electronic volume was executed during daytime trading hours, between 7 a.m. and 2 p.m. Central Time. 

CBOT Senior Vice President of Business Development Robert Ray said, “The CBOT continues to lead the development of electronic trading of options on futures and to provide the global marketplace with extensive liquidity and trading opportunities 22 hours per day.  These latest records, as well as the high percentage of electronic options volume that was executed throughout the entire trading session, demonstrate that customers have embraced the e-cbot® platform and its premier functionality.”

Exchange-wide open interest increased to 16,086,899 contracts in a fifth consecutive record-setting session.  Other open interest records were set by 10-Year Treasury Note futures and 30-Day Fed Funds options.