The NYBOT currency marketplace has traded at record levels this year, with volume in the USDX for the first five months of 2006 running 45% ahead of last year’s hectic pace.
The U.S. Dollar Index (symbol DX) is computed using a trade-weighted geometric average of six currencies; it is based on the original Federal Reserve Board USDX introduced in March of 1973. The six currencies of the Index are the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. USDX futures have traded in the NYBOT currency markets since 1985 and USDX options since 1986.
The last two weeks have seen other trading high water marks with Coffee “C” ® futures and options reaching record open interest levels: KC futures at 125,963 on 6/9/06 and options at 176,957 on 6/8/06. Previously on May 31, Cotton No. 2 sm futures (symbol CT) open interest had climbed to 179,676.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, wood pulp and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com. To learn more about New York Board of Trade Futures & Options for Kids, the Exchange’s non-profit group, please go to www.futuresandoptionsforkids.org.
