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CBOT Mini-Sized Dow Options Contract Sets New Volume Record

Date 16/09/2004

The Chicago Board of Trade (CBOT®) announced today that volume in the CBOT mini-sized DowSM options contract, which trades exclusively on the exchange's premier electronic trading platform, jumped to a new record high. mini-sized Dow options volume rose to 10,772 contracts on Wednesday, September 15, surpassing the previous record of 4,233 contracts set on September 7. In addition, open interest in mini-sized Dow options continues its strong performance, setting its fifth consecutive record. Open interest rose to an all-time high of 31,667 contracts on September 15, beating the previous record of 23,988 contracts set on September 14.

CBOT President and CEO Bernard W. Dan said, "The recent volume and open interest records for the CBOT mini-sized Dow Options contract are evidence that market users continue to recognize and utilize the advanced functionality of the CBOT trading platform, powered by LIFFE CONNECT®, providing the most flexible and transparent trading environment for our customers. In addition, market participants are taking advantage of the features in our mini-sized Dow options contract, including an active request-for-quote (RFQ) functionality and a liquidity enhancing Electronic Market Maker program."

More information on CBOT volume and open interest is available on the exchange website.

“Dow Jones,” “The Dow,” “Dow Jones Industrial AverageSM,” “DJIASM ” are service marks of Dow JonesSM & Company, Inc. and have been licensed for use for certain purposes by the Board of Trade of the City of Chicago, Inc. (CBOT). The CBOT futures and futures options contracts based on the Dow Jones Averages are not sponsored, endorsed, sold, or promoted by DowSM Jones, and Dow Jones makes no representation regarding the advisability of trading in such contracts.

[LIFFE CONNECT®/The LIFFE CONNECT® Logo] is a trademark of LIFFE Administration and Management and is registered in Australia, Hong Kong, Singapore, the United States, and the United Kingdom, is a registered Community Trade Mark, and is the subject of a pending application for registration in Japan.