CBOT President and CEO Bernard W. Dan said, “Electronic trading of CBOT mini-sized Dow options contracts is gaining wider acceptance, as market users are becoming more familiar with the advanced functionality provided by the CBOT’s superior electronic platform, e-cbot® powered by LIFFE CONNECT®. The economic advantages in trading mini-sized Dow options coupled with a fully transparent electronic market are driving the consistent growth in volume and daily open interest records.”
Launched in February 2004, the CBOT mini-sized Dow options contract is the exchange’s first 100 percent electronic options on futures product. Open interest has grown an average of 85 percent month-over-month since the contract’s launch and represents the largest open interest of any purely electronically traded options on equity index futures contract in the United States. Average daily volume has risen sharply as well, gaining an average of 75 percent month-over-month since the contract’s launch.
