The Chicago Board of Trade (CBOT) today announced that total exchange open interest reached a new daily record yesterday. Total exchange open interest hit 17,413,021 contracts, surpassing the previous record, 17,403,089 contracts, set on November 20, 2006.
In addition to the Agricultural complex achieving open interest records in several of the contracts over the past several weeks, recently launched new products are also contributing to the overall growth. CBOT’s Binary options on the Target Federal Funds Rate open interest exceeded 24,000 contracts on Monday. The new open interest record, 24,438 contracts, tops the previous daily open interest records that have been continuously set since February 7, 2007. Binary option contracts topped over 20,000 for the first time on this day with 20,798 contracts. The CBOT launched this product in July 2006. The new Ethanol Swap contracts which were launched on December 4, 2006 have also shown steady growth with open interest surpassing 1,200 contracts.
Open interest represents the number of trading positions that have not yet been offset and closed at the end of a trading day.
About the CBOT
As one of the leading global derivative exchanges, the Chicago Board of Trade provides a diverse mix of financial, equity and commodity futures and options-on-futures products.
Building on its 158-year history, the CBOT continues to advance into the future using the strength of deep liquidity, market integrity and member-trader expertise. Using superior trading technology in both electronic and open-auction trading platforms, the CBOT provides premier customer service to risk managers and investors worldwide. For more information, visit our website at www.cbot.com.
