The Kansas City Board of Trade Board of Directors has approved the addition of side-by-side trading in the hard red winter wheat options contract. A second daily electronic trading session will be added to mirror the open outcry trading hours of 9:30 a.m. to 1:15 p.m. Monday through Friday. This new daytime electronic session is in addition to the current after-hours trading session from 6:00 p.m. to 6:00 a.m. Sunday through Friday.
Side-by-side trading in wheat options will begin on trade date April 14, 2008. Options give a buyer the right, but not the obligation, to buy or sell a KCBT wheat futures contract at a specified price.
The Kansas City Board of Trade, founded in 1856, is the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com.
