CBOT: Precious Metals Complex Sets New Volume & Open Interest Records

The Chicago Board of Trade (CBOT®) announced today that on November 4, 2004, volume and open interest in the exchange's Precious Metals complex rose to new records of 9,018 contracts and 11,113 contracts, respectively. These records surpassed the previous all-time complex highs of 8,356 contracts in volume and 10,963 contracts in open interest set earlier in the week on November 2. In addition, volume in CBOT full-sized Gold futures set a record at 2,812 contracts on November 4, exceeding the previous record of 2,760 contracts set the previous day.

CBOT President and CEO Bernard W. Dan said, "Our customers recognize the tight bid/ask spreads offered by our electronically traded Precious Metals complex, and market users response has been overwhelmingly positive, as evidenced by the record growth in both volume and open interest throughout this week."

The CBOT's 100 percent electronically traded Precious Metals complex, which is composed of mini-sized and full-sized Gold and Silver futures, offers customers a fully transparent and highly liquid market environment for which the exchange is known. In addition, the complex provides the significant advantage of trading on the exchange's premier electronic trading platform, which features straight-through processing and around-the-clock accessibility worldwide.