NYBOT's SPCI Contract Sets New Open Interest Record - SPCI Also Sets New Record In Underlying Value

The New York Board of Trade (NYBOT®) announced yesterday that its Standard & Poor's Commodity Index (SPCI) futures contract market set a new daily open interest record of 1,332 contracts on May 21, 2002. Additionally, a new month-end record in the underlying value of the SPCI futures open interest was also established on May 31, 2002, of $121,864,176.

The SPCI tracks 17 commodities in six sectors including grains, meat and livestock, metals, softs (coffee, sugar, cocoa), fibers (cotton), and energy. The index uses real-time prices of the relevant futures contracts traded on the commodities futures markets in New York and Chicago. Some unique benefits of the SPCI include its geometric calculation methodology and a weighting adjustment that eliminates double counting of upstream and downstream commodities.

NYBOT began trading the SPCI on October 19, 2001, at its backup site in Long Island City, Queens, New York. The contract currently trades from 10:00 am - 2:45 pm (NY Time).

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. Information about the New York Board of Trade can be found at www.nybot.com.