CBOT Precious Metals Complex Sets New Volume Records

The Chicago Board of Trade (CBOT) announced today that the exchange’s 100 percent electronic Precious Metals complex rose to a new volume record of 12,240 contracts on December 8, 2004, eclipsing the previous all-time high of 9,191 contracts set on December 2. Within the complex, CBOT full-sized Gold futures set a new volume record as well.

CBOT President and CEO Bernard W. Dan said, “These volume records illustrate that during periods of high volatility, market users value the transparency provided by the CBOT’s fully electronic Precious Metals markets. Clearly, exchange customers are reaping the benefits of the ability to monitor Precious Metals market movements on a real-time basis, a feature which is available only at the CBOT via its superior electronic trading platform.”

In addition, volume in CBOT full-sized Gold futures set a record of 4,070 contracts on December 9, exceeding the previous record of 3,262 contracts set on November 5.

The CBOT’s 100 percent electronically traded Precious Metals complex is composed of mini- and full-sized Gold and Silver futures. The complex provides Precious Metals market users with the significant advantages of straight-through processing and around-the-clock accessibility worldwide. For more information on CBOT products, visit the exchange Website at www.cbot.com.