The Chicago Board of Trade (CBOT®) today announced that trading of its 5,000 oz. silver futures contract reached a new daily volume record yesterday with 14,841 contracts, surpassing the previous record set on December 15, 2006 with 14,409 contracts.
In addition, the CBOT’s Dow Jones-AIG Commodity Index Excess Return futures contract volume (DJ-AIG ER), launched in October, hit 1,000 contracts for the first time on December 15, 2006 with 1,228 contracts.
Effective yesterday, the DJ-AIG ER futures contract is now available for wholesale transactions Monday through Friday from 8:15 am to 3:30 p.m. CT. Wholesale transactions are designed to offer the convenience of negotiating a large order at a single price with a designated and appropriate counterpart. Combined with the security of a trade guaranteed by the CBOT’s clearing services provider, wholesale transactions are intended to provide market participants with increased flexibility while maintaining market integrity. For more details on the CBOT wholesale transaction facility, please visit the following link: http://www.cbot.com/cbot/pub/page/0,3181,1553,00.html
The electronically-traded CBOT DJ-AIG ER contract is the result of a license agreement among the CBOT, Dow JonesSM and AIG Financial Products Corp. (AIGFP).
