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CBOT Volume Tops 5 Million In Just Over Two Months Of Trading On a/c/e - Overnight Trading Following Election Day Reaches Over 100,000 Contracts

Date 08/11/2000

In just over two months, CBOT members traded more than five million contracts on its new electronic trading platform a/c/e, alliance/cbot/eurex, the Chicago Board of Trade reported today. As of yesterday, overall a/c/e volume reached 5,090,697 contracts, with the average daily trading volume on a/c/e rising to 99,818 contracts.

The 30-Year U.S. Treasury bond futures contract is the most heavily traded product on a/c/e, trading 2,361,421 contracts since the platform's inception. The average daily volume for the T-bond contract is 47,228. In addition, average daily volume for 10-Year Treasury note futures is pegged at 42,506 contracts, while the 5-Year Treasury note futures is 10,160 contracts.

During today's overnight trading session, 8:00 p.m. * 7:20 a.m., a/c/e volume was more than 100,000 contracts. This high volume demonstrated the CBOT markets' ability to meet the needs of its customers concerned over the Presidential Election and subsequent possible new economic policies. By providing the best products for risk management and the most liquid markets in the world -- day or night -- a/c/e is a key avenue for risk management during a time of uncertainty.

a/c/e is a joint venture company co-owned and staffed by the world's two leading derivatives exchanges, and provides the new platform for electronic trading at the CBOT. The proven Eurex technology and its existing global distribution network will be the gateway to CBOT and Eurex products for global market users, providing members of both exchanges with access to the world's premier exchange-traded derivatives through a single trading screen.