CBOT President and CEO Bernard W. Dan said, “The Exchange is very pleased that ABN AMRO will continue its successful service as a market maker in CBOT Interest Rate Swap futures. Part of the Exchange’s ongoing efforts to provide the marketplace with a superior trading environment, this market maker program is designed to enhance liquidity and create additional trading opportunities for CBOT Swap market participants. Further, as a result of the initiative, open interest in the 5-year swap has more than doubled in the last year, with average daily volume in the contract rising 51 percent.”
ABN AMRO Head of Global Markets, North America, Kim Rosenkilde said, “The CBOT has proven to be an excellent partner for ABN AMRO, and we are delighted to continue our relationship in this manner. We are very excited to be able to build upon our pioneering role as a designated electronic liquidity provider for swap futures at the CBOT.”
CBOT Interest Rate Swap futures, the world’s most successful U.S. dollar swap futures contract, correlate closely with interest rate swaps and credit spread products, including mortgage-backed securities, corporate bonds and Agency notes, providing customers with a transparent hedging instrument. ABN AMRO, which has served as a market maker for CBOT swap futures since 2002, provides continuous two-sided markets in the product between 7:20 a.m. and 2:00 p.m. Central Time.
For more information on Interest Rate Swap futures and other CBOT contracts and products, please visit the Exchange Website at www.cbot.com.
