Cotton Options Contract Sets New Volume Record At NYBOT

The New York Board of Trade® (NYBOT®) announced today that its cotton options contract set an all-time volume record on September 10, 2003, of 28,220 contracts. The previous record was 23,091 contracts established on September 21, 1995.

NYBOT's Cotton No. 2 contract calls for 50,000 pounds net weight of cotton (or approximately 100 bales), and trades at NYBOT's new trading floor from 10:30 a.m. to 2:15 p.m. (NY Time). NYBOT's New York Cotton Exchange was founded in 1870.

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges, NYBOT offers an expanding range of agricultural and financial products. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.