"The versatility of our Russell products have helped them to become important contracts for our exchange," said Mark D. Fichtel, President and CEO of the New York Board of Trade. "Our index products, including the new Standard & Poors Commodity Index (SPCI) contract, provide our market users with accessible investment vehicles that offer both liquidity and strategic flexibility."
The NYBOT offers contracts of three sizes for the Russell 1000® index: mini; regular, and large. The mini, which was introduced on the exchange June 22, 2001, is $50 x index, the regular contract is $500 x index, and the large is $1000 x index.
Frank Russell Company, a global investment services firm, provides multi-manager investment products and services in more than 35 countries. Russell manages $66 billion in assets, and advises clients representing more than $1 trillion worldwide. The Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000® Index, which represents approximately 92% of the total market capitalization of the Russell 3000® Index.
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 and their subsidiaries and divisions NYBOT offers an expanding range of agricultural, currency and index products.
