The Chicago Board of Trade (CBOT®) today announced that trading of its Full-sized (5,000 Oz.) Silver futures contracts set a record on February 26, 2007, as volume eclipsed more than 15,000 contracts for the first time. The new record, 15,197 contracts, surpassed the previous record of 14,900 contracts set on January 5, 2007.
CBOT Senior Vice President of Business Development, Robert D. Ray, said, “We believe these new volume records along with yesterday’s Gold record for our Transitory Exchange for Physical service, demonstrates the marketplace’s commitment to the CBOT’s Metals Complex. Our electronic, transparent Metals market, Electronic Vault Delivery Receipt platform, and directed fungibililty between our mini-sized and Full-sized metals contracts are just a few of the enhancements that bring value to the marketplace, and our customers clearly appreciate them.”
The CBOT Metals Complex includes Full-sized (100 oz.) Gold futures and options contracts, mini-sized (33 oz.) Gold futures contracts, Full-sized (5,000 oz.) Silver futures and options contracts and mini-sized (1,000 oz.) Silver futures contracts. These products are available for trading 22 hours per day on the e-cbot® electronic trading platform. For more information about the CBOT Precious Metals Complex please visit the Exchange’s web site at www.cbot.com/metals.
About the CBOT
As one of the leading global derivative exchanges, the Chicago Board of Trade provides a diverse mix of financial, equity and commodity futures and options-on-futures products. Building on its 158-year history, the CBOT continues to advance into the future using the strength of deep liquidity, market integrity and member-trader expertise. Using superior trading technology in both electronic and open-auction trading platforms, the CBOT provides premier customer service to risk managers and investors worldwide. For more information, visit our website at www.cbot.com.
