CBOT Metals Complex Sets Volume And Open Interest Records - Open Interest In The Complex Surpasses 10,000 Contracts

The Chicago Board of Trade (CBOT) announced today that the exchange's Precious Metals complex climbed to a new volume record on Tuesday, November 2, of 8,356 contracts, which represented nearly 7 percent of all exchange-traded precious metals in the United States. Trading in the complex, which is composed of mini-sized and full-sized Gold and Silver futures, surpassed the previous high of 5,881 contracts set on October 20, 2004. In addition, open interest in the complex rose to a record 10,963 contracts, rising above the old record of 9,871 contracts set on October 25.

CBOT President and CEO Bernard W. Dan said, "The volume and open interest records set in the CBOT's 100 percent electronically traded Precious Metals complex demonstrate that our customers appreciate the tremendous benefits delivered by the exchange's superior Gold and Silver futures complex. Market transparency, instant trade matching, and straight-through processing, spread advantages and around-the-clock access offered by our Gold and Silver futures contracts provide market users with the most accessible and efficient precious metals trading environment available."

In addition, volume in CBOT mini-sized Gold futures set an individual record at 4,433 contracts on November 2, surpassing the previous record of 3,962 contracts on January 15, 2004. Open interest in full-sized Gold Futures also set a record at 1,531 contracts on November 2, exceeding the old record of 1,247 contracts set on October 25.