CBOT Chairman Charles P. Carey said, "The nearly 42 percent increase in our March volume caps a strong first quarter for the exchange. We experienced solid volume growth across all complexes in both open auction and electronic platform trading, as our markets and products continue to provide a safe haven for market users in the current economic environment."
March Highlights Included:
- March average daily volume was 1,651,978, up 35.2% from March 2002
- Total exchange month-end open interest was 6,602,737, up 11.5% from March 2002
- Total CBOT equity index volume was 1,317,811, up 129% from March 2002 and up 30.5% from February 2003
- Five-Year Interest Rate Swap futures (open auction) set a daily volume record of 4,306 on March 4, and set a monthly volume record of 13,621
- Ten-Year Interest Rate Swap futures (open auction) set a daily open interest high on March 14 at 64,351
- Five-Year Agency futures (open auction) set a daily volume record on March 3 of 2,000
- 30-Day Fed Fund options (open auction) set a daily volume record on March 31 of 17,152, set an open interest record of 47,639 that same day, and set a monthly volume record of 61,999
- 30-Day Fed Fund futures (open auction) set a daily volume record on March 17 of 83,826, and a combined open auction and electronic daily volume record of 87,441 on that same day, and a monthly volume record (open auction) of 800,029
- Five-Year T- Note options (open auction) set a monthly volume record of 1,160,855 and a daily open interest record of 694,249 on March 21
- Five-Year T-Note futures (open auction) set a daily open interest high of 812,283 on March 13
- Two-Year T-Note futures (open auction) set a daily open interest high of 129,541 on March 6
- U.S. Treasury Bond futures were up 5.5% from February 2003 at 5,106,921 and up 13.4% from March 2002
- U.S. Treasury Bond options were up 13.4% from February 2003 at 1,128,959 and up 18.4% from March 2002
- Ten-Year T-Note futures were up 5.3% from February 2003 and up 73.6% from March 2002 at 11,320,532
- Ten-Year T-Note options were up 42.3% from February 2003 and up 51.4% from March 2002 at 3,475,946
- Five-Year T-Note futures were up 6.9% from February 2003 and up 43.8% from February 2002 at 5,533,693
- Five-Year T-Note options were up 46.3% from February 2003 and up 103.4% from March2002 at 1,168,821
- Two-Year T-Note futures were up 0.7% from March 2002 at 292,515
- Two-Year T-Note options were up 118.6% from March 2002 at 3,800
- 30-Day Fed Fund futures were up 73.6% from March 2002 at 836,425
- Ten-Year Interest Rate Swap futures were up 123% from March 2002 at 118,256 and up 9.4% from February 2003
- Wheat options were up 9% from March 2002 at 103,9225 and up 18.2% from February 2003
- Corn futures were up 22.5% from March 2002 at 1,156,894
- Soybean Meal futures were up 24.3% from March 2002 at 527,723
- Soybean Oil options were up 11.1% from March 2002 at 40,313
- Rough Rice futures were up 71.9% from March 2002 at 15,237
- Total CBOT equity index volume YTD at 3,317,105 contracts traded through March 2003
- CBOT DJIASM futures volume was 559,372 contracts
- CBOT $5 Mini Dow Jones Index futures for March 2003 at 743,148, up 29.8% from February 2003, and YTD at 1,841,882
- Volume reached 17,801,126 contracts in March 2003, up 117.6% from March 2002 and up 17% from February 2003
- February average daily volume was 847,673, up 107.3% from March 2002 and up 5.8% from February 2003
- Volume on the electronic trading platform set a daily volume record of 1,332,419 on March 13
- Ten-Year T-Note futures set a monthly volume record at 9,047,121
- Five-Year T-Note futures set a daily volume record on March 13 at 330,731 and a monthly volume record of 4,240,335
- Two-Year T-Note futures set a daily volume record on March 5 at 7,313 and a monthly volume record of 29,354
- $5 Mini Dow Jones Index futures set a daily volume record on March 14 at 44,615 and set a monthly volume record of 743,148
- Year-to-date, 1,357,969 futures and options orders, excluding futures spreads, were electronically sent directly to floor brokers using order receipt devices.
- Monthly totals for both Financial and Agricultural orders filled by brokers using order receipt devices (Electronic Clerk).
- Futures
- Financial room--40%
- Agricultural room--57%
- Total (Agricultural and Financial)--50% (new high)
- Options
- Financial room--11%
- Agricultural room--40%
- Total (Agricultural and Financial)--26%
- CBOT Full Membership last traded at $370,000 on March 27, 2003
- CBOT Associate Membership last traded at $153,500 on March 21, 2003
- CBOT Commodity Options membership at $32,000 on March 28, 2003
- CBOT IDEM membership at $30,000 on March 28, 2003
