During the week of September 24th, NYBOT total volume averaged over 80,000 contracts a day, consistent with recent volume at the now-demolished World Trade Center trading floor, which had 13 pits that supported four to five-hour daily trading schedules. Each commodity at the backup facility currently trades on two pits for one-and-a-half hours.
NYBOT's Sugar market has recorded large volumes since the resumption of trading on September 17th. On Tuesday, September 18th, NYBOT reported 42,142 Sugar #11 futures contracts traded, a significant increase from the average daily volume recorded in recent weeks prior to the September 11th tragedy.
NYBOT's backup facility was developed after the 1993 bombing of the World Trade Center. The facility has been maintained and upgraded since its completion to provide full backup systems and a trading floor in the event of an emergency that affected business in the World Trade Center.
Throughout the emergency situation, the New York Board of Trade has utilized its web site as its information center. Volume, open interest and other basic market information can be found on the web site. The NYBOT is in the process of restoring the full range of market data information that was regularly reported on the website before the terrorist attacks. The website at www.nybot.com continues to be updated with new information and functions, and has proven to be an important information resource during the recent tragedy.
The New York Board of Trade (NYBOT) is the parent company of theCoffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York CottonExchange (NYCE). Through its two exchanges and their subsidiaries anddivisions, including the New York Futures Exchange (NYFE), FINEX, and CitrusAssociates, NYBOT offers a variety of agricultural, currency and indexproducts.
