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CBOT Members Traded 19,155,133 Contracts In April, With Agricultural Volume Up 9.1% Year-To-Date

Date 03/05/2000

The Chicago Board of Trade (CBOT) announced today trading volume of 19,155,133 contracts for April 2000. April Highlights Included: Total exchange month-end open interest: 5,143,123; CBOT average daily volume: 1,008,165; Project A® monthly total: 860,607; Project A average daily volume: 45,295; Agricultural Futures and Options were up 9.1% Year-To-Date (YTD); 10-Year Agency Futures set a monthly volume record at 92,475, and a daily open interest record on April 28, at 29,946; 10-Year Agency Options set a daily volume record on April 5, at 1,807, set a daily open interest record on April 28, at 4,963, and set monthly volume record at 8,531; 10-Year Note Options set a daily volume record on April 27, at 133,053; 30-Day Fed Funds Futures set a daily open interest record on April 20 at 56,920; Rough Rice Futures set a daily volume record on April 19, at 2,965.

For the month of April 2000, a record percentage of futures orders were filled by brokers using electronic order receipt devices: 20% total, including 26% agricultural orders and 14% financial orders. Monthly contract records were set for orders electronically filled by brokers: 72% all oats, 57% all rough rice, 24% all corn, 19% front-month DJIAsm. Year-to-date 1,135,110 orders have been electronically routed to floor brokers, of which 373,104 have been filled. This represents increases of 109% and 123%, respectively, from year-to-date 1999. Year-to-date 4,565,449 contracts have been electronically routed to floor brokers, of which 2,249,632 have been filled. This represents increases of 148% and 117%, respectively, from year-to-date 1999. 105 electronic order receipt devices were used by floor brokers filling orders for 28 member firms. This represents an increase of 88% from the number of broker devices used in April 1999.

CBOT Full membership last traded at $550,000 as of April 28, 2000; CBOT Associate membership last traded at $138,000 as of April 24, 2000; CBOT Commodity options membership interest last traded at $37,000 as of April 20, 2000; CBOT IDEM membership interest last traded at $15,500 as of April 27, 2000.

Ten-Year Treasury Note futures were up 64.5% from April 1999 at 3,529,706 and up 44.1% YTD at 15,811,824; Ten-Year Treasury Note options were up 37% from April 1999 and up 27.5% from March 2000, at 1,177,427 and up 13.9 %YTD at 4,086,732; Five-Year Treasury Note futures were up 53.2% from April 1999 at 1,707,795 and up 63.8% YTD at 8,392,066; Five-Year Treasury Note options were up 126.4% from April 1999, at 381,649 and up 83% YTD at 1,534,894; Two-Year Treasury Note futures were up 20.5% from April 1999 at 76,889 and up 18.9% YTD at 385,713; 30-Day Federal Funds were up 122.2% from April 1999 at 111,804 and up 122.8% YTD at 456,521; Ten-Year Agency futures were up 36.8% from March 2000 at 92,476; Ten-Year Agency options were up 221.7% from March 2000 at 8,531; U.S. Treasury Bond options were up 4.2% from March 2000 at 1,651,215.

CBOT® DJIASM futures were up 16.1% YTD at 1,455,595; CBOT DJIA options were up 31.2% from April 1999 at 22,889, and up 59.9% YTD at 94,686.

Corn futures were up 19.1% YTD at 6,182,474; Corn options were up 27.6% from April 1999 at 342,698, and up 81.1% YTD at 1,652,408; Soybean futures were up 12% from April 1999 at 1,079,081 and up 9.4% YTD at 4,441,877; Soybean options were up 17.4% from April 1999 at 292,335; Soybean Meal futures were up 7.1% YTD at 2,016,570; Soybean Oil options were up 1.2% from March 2000 at 56,741; Oat futures were up 6.6% from March 2000 at 31,653; Rough Rice futures were up 65.2% from April 1999, at 18,361, up 49.1% from March 2000, and up 17.1% YTD at 59,414; Rough Rice Options were up 44.3% from April 1999 at 3,520, up 43.6% from March 2000, and up 15.4% YTD at 13,919 .