CBOT® Two-Year U.S. Treasury Note Futures Set Daily Volume Record As Total Surpasses One Million Contracts For The First Time

The Chicago Board of Trade (CBOT®) today announced that trading of its 2-year U.S. Treasury Note futures contracts (2-year note) set a record on Wednesday, as volume exceeded one million contracts for the first time. The record, 1,010,988 contracts, surpasses the previous record of 919,136 contracts set on February 27, 2007.

CBOT Senior Vice President of Business Development Robert D. Ray said, “To meet our customers needs and to enhance the trading environment in the 2-year note, we developed a new, hybrid algorithm in which the market reacted immediately in a positive and proactive fashion. Reaching the one million volume mark is testimony that our action was well-received by the marketplace.”