In the January through November period, volume was up 30.7 percent over 2002 levels with 419,203,594 contracts traded, surpassing 2002's record-breaking year-end volume of 343,882,529 contracts. On October 3, 2003, the CBOT broke its all-time annual volume record and continues to build on its new record.
Volume of mini-sized Gold futures increased sharply, rising 3,401.3 percent from last year with 25,069 contracts traded. Stock Index futures and options complex volume increased 37.5 percent from last year to 1,105,845 contracts and was up 70.0 percent year-to-date at 14,236,059 contracts.
Chairman Charles P. Carey said, "The CBOT's solid volume gains speak to the strength, innovation and transparency that define the exchange. Our customers find at the CBOT a depth of liquidity unavailable anywhere else. Furthermore, with the exchange's November implementation of its first phase to a new and superior electronic trading platform and clearing system, we expect the trend of increasing volume to continue "
Agricultural Futures and Options Post Higher Volumes
CBOT agricultural complex trade was up 14.6 percent from November 2002, with 6,666,650 contracts changing hands. In addition, Soybean futures surged 43.4 percent from November 2002 levels to1,535,373 contracts; Wheat futures were up 24.5 percent from last year at 739,791 contracts; and Rough Rice futures rose 47.3 percent from November 2002 to 15,256 contracts.
Financial Futures and Options Volume Up 35.1 Percent Year-to-Date
The CBOT posted gains for the month in its financial futures and options complex, with November trading volume for the entire financial product line at 29,752,251 contracts, an increase of 18.3 percent from last year, and up 35.1 percent year-to-date at 337,933,413 contracts traded.
CBOT's benchmark U.S. Treasury Bond futures contract was up 11.8 percent year-to-date at 58,686,334 contracts traded; Ten-Year Treasury Note futures were up 28.9 percent from 2002 at 12,474,520 contracts; Five-Year Treasury Note futures were up 37.3 percent from last year at 6,885,258 contracts, with year-to-date volume up 43.4 percent at 67,460,821 contracts; and Two-Year Treasury Note futures were up 28.3 percent from 2002 at 496,714 contracts.
Equity Complex Volume Increases in November
CBOT's stock index complex volume for November was up 37.5 percent from 2002 at 1,105,845 contracts and up 70.0 percent in the January through November period at 14,236,059 contracts. Volume in the mini-DowSM contract rose sharply, rising 158.8 percent over November 2002 levels to916,023 contracts, and volume in the January to November period was 9,869,188 contracts, up 430.7 percent.
Other CBOT November Highlights
Total exchange month-end open interestwas 7,422,790, up 19.6 percent from November 2002. In addition, CBOT average daily for November totaled 1,976,649, an increase 24.4 percent from November 2002.
To enhance the efficiency of the exchange-trading floor, the CBOT has incorporated electronic order routing technology. Year-to-date 6,573,558 futures and options orders were electronically sent directly to floor brokers using Electronic Clerks, special order receipt devices.
Most recent sales of CBOT seats in November were: CBOT Full Membership at $475,000 November 26, 2003; CBOT Associate Membership at $182,000 on November 25, 2003; CBOT Commodity Options membership at $40,000 on November 24, 2003; and CBOT IDEM membership at $125,000 on November 21, 2003.
For more volume and open interest statistics, please log onto the exchange web site at: http://www.cbot.com
