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NYBOT Trading Smashes Historic Records - Huge Sugar Day Leads Way To Highest Total Daily Volume In Exchange History

Date 12/03/2004

The red-hot markets at the New York Board of Trade® (NYBOT®) turned white-hot yesterday, March 11, setting an all-time daily trading standard of 246,413 combined futures and options contracts, far surpassing the previous record of 202,587 set on October 31, 2003.

The NYBOT world sugar market led the record-breaking charge, trading a total of 142,507 futures and options contracts, a stunning 43% increase over the previous one-day record of 99,227 set on February 17, 2004. The Sugar No. 11 futures and options contracts have historically been NYBOT's largest market by total trading volume as well as one of the world's most actively traded agricultural commodities. It represents 112,000 lbs. of raw centrifugal cane sugar from 29 countries throughout the world, including Australia, Brazil, India, and the United States.

NYBOT's Russell 1000 futures contract broke new ground on March 11, 2004, by topping the 100,000 contract open interest market for the first time.

The new futures open interest record of 101,186 mini contracts topped a series of new highs for the contract established during recent weeks.

Trading in options on Russell 1000 Regular futures also continued to climb as open interest reached 11,160 contracts. The new mark for the Russell reflected the increased activity across the board in the suite of contracts based on the highly regarded Russell Index family of U.S. equities.

The NYBOT lists futures and options contracts on the Russell 1000, Russell 1000 Value, Russell 1000 Growth, Russell 2000® Index, and Russell 3000 Index. NYBOT offers Regular and Mini-sized futures contracts and Regular-sized options contracts based on the Russell 1000 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, 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.