Record Volume In CBOT 10-Year Interest Rate Swap Futures
Date 29/08/2003
On August 28 a record 42,433 contracts traded in the CBOT® 10-year Interest Rate Swap future, breaking the previous record of 30,207 set on June 13, 2003. With 53,409 in open interest and an average daily volume of 6,801 contracts for the month of August, the CBOT 10-year Swap future continues to grow. The CBOT Swap complex offers the liquidity of a designated market maker as well as the Wholesale Trading facility. Wholesale transactions offer market participants the convenience of negotiating a large transaction at a single price with a designated and appropriate counterpart, the security of a trade cleared by the CBOT's clearing services provider, the implementation of Exchange rules and regulations to insure trade transparency, and alternative means of entry/exit for participation in Swap futures. For more information on Swap futures or the Wholesale Trading facility visit www.cbot.com.
