CBOT Gold Complex Volume Surpasses 34,000 Contracts - Gold Complex Daily Volume Record Surpasses Old Record By 36 Percent

The Chicago Board of Trade (CBOT) announced today that the CBOT Gold Complex (100 oz. Gold and mini-sized Gold contracts) had a record today, setting new daily volume records for each contract as well as the overall complex. Volume for the Gold Complex jumped to 34,338 contracts, up from the last volume record of 25,226 contracts set on January 9, 2006.

Volume for the CBOT 100 oz. Gold contract soared to 23,425 contracts, up from the last volume record of 15,544 contracts set on January 9, 2006 and volume for the CBOT mini-sized Gold contract surpassed 10,000 climbing to 10,913 contracts, up from the last volume record of 9,682 contracts set on January 10, 2006. Month to date, the CBOT’s Gold futures has captured more than an 18 percent market share of all listed gold futures traded in North America.

CBOT Senior Vice President of Business Development Robert Ray said, “We continue to receive great feedback from customers on the fact that we offer a 100 percent electronically traded Precious Metals Complex. The truth is evident based on the multiple daily volume records posted by our Gold contracts. Additionally, open interest across all CBOT precious metals contracts has continued to grow. We believe our market has been successful in attracting new players, helping the overall market grow organically.”

Alaron Director of Metals Trading Dave Meger said, “The two key benefits for trading CBOT metals contracts electronically is having bids and offers filled instantaneously with the highest level of transparency. You know where you stand in the market. As market volatility continues to attract new players, I believe they will be drawn to the level of convenience and liquidity that trading on the CBOT’s premier electronic platform has to offer.”