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Euronext.liffe Cocoa Futures Contract Breaks All-Time Annual Volume Record

Date 05/11/2003

Euronext.liffe's Cocoa futures contract set a new annual volume record of 1,908,570 contracts on Tuesday 4 November 2003, breaking the previous record of 1,908,136 contracts set in 1993.

Ian Dudden, Director of Commodity Products at Euronext.liffe described the breaking of the record as "a fantastic feat considering that the previous record has stood for 10 years and has now been broken with two months of trading activity remaining".

Euronext.liffe's Cocoa futures contract trades from 09:30 to 16:50 (London time) and is relied upon as the global benchmark for the pricing of physical cocoa. It is actively traded by producers, exporters, trade-houses, processors and chocolate manufacturers as well as by managed funds and both institutional and short-term investors. There are ten delivery months available for trading which include March, May, July, September & December.

The Cocoa futures contract, and associated options contract, form part of a diverse range of commodity products traded at Euronext.liffe, which also includes Robusta Coffee, White Sugar, Feed Wheat, Milling Wheat, Rapeseed, Corn, Potatoes and Pigs.

Free 15-minute delayed futures prices are available at www.liffe-commodities.com

Euronext.liffe is the derivatives business of Euronext, comprising the Amsterdam, Brussels, LIFFE, Lisbon and Paris derivatives markets. Euronext.liffe is creating a single market for derivatives, by bringing all its derivatives products together on a single electronic trading platform, LIFFE CONNECT®. The replacement of multiple trading venues with a single market will make cross-border trading easier and cheaper. Today, Euronext.liffe is the world's largest derivatives exchange, by value of the business transacted through the exchange every day. For further information on Euronext.liffe please visit www.liffe.com and www.euronext.com