June 2005 Biggest Volume Month In NYBOT’s 135-Year History

The month of June 2005 was the busiest month ever for the New York Board of Trade â (NYBOT â ), with combined monthly trading volume reaching an unprecedented 3,878,067 contract s, surpassing the previous volume record of 3,611,479 futures and options contracts set in June 2004. At the half-way mark in 2005, the Exchange is now running 13.2% ahead of the first half of the record year of 2004. A total of 19,124,761 futures and options have been traded year-to-date (YTD).

“The volume at our exchange continues its impressive growth,” said Joseph J. O’Neill, NYBOT Senior Vice President, Market Development. “These volume levels add to the deep liquidity of our historic markets, providing hedgers with greater pricing efficiency and investors with more strategic opportunities. Growth has been driven by an increased need for reliable risk management in the global marketplace and the fact that portfolio and fund managers are rediscovering commodities as an important alternative asset class.”

The NYBOT sugar market led the way in June with 1,620,858 futures and options trading and accounting for 41.8% of total volume. Total volume in the US Dollar Index (USDX) and the Currencies reached 412,943 contracts – a 48% increase over June 2004. Cocoa also had an active month, with a 27.1 % increase in volume over June 2004.

Other market highlights (all YTD) include:

• Sugar total volume is up16% to 8,057,962 contracts led by Sugar No. 11 SM Futures (symbol SB) ahead by 19.7% with 6,564,596 contracts traded.
• Cotton No. 2 SM futures and options are now running 12.3% ahead.
• The Coffee “C” ® options contract (symbol KO) is up 26.9% at 1,264,620 contracts.
• Cocoa futures (symbol CC) are holding an 11.2% advance.
• The U .S. Dollar Index ® (symbol DX ® ) futures contract is up 27.9%.
• Russell 1000 ® Index (symbolR) options have advanced 73.9%.

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.