The Chicago Board of Trade (CBOT®) today announced that effective Monday, December 18, 2006, its Dow Jones-AIG Commodity Index Excess Return (DJ-AIG ER) futures contract will be eligible for wholesale transactions.
Robert D. Ray, Senior Vice President of Business Development at the CBOT said, “Our customers had been seeking an efficient method to negotiate large DJ-AIG ER transactions at a single price. Based on their feedback, the CBOT elected to make the contracts eligible for wholesale trading. Combined with the security of a trade guaranteed by the CBOT’s clearing service provider, this action offers our customers increased flexibility and a strong alignment with over-the-counter practices. In addition, the CBOT’s market maker program for the DJ-AIG ER futures contract ensures a consistent, two-sided market.”
The electronically-traded CBOT DJ-AIG ER contract is the result of a license agreement among the CBOT, Dow JonesSM and AIG Financial Products Corp. (AIGFP). Wholesale transactions will be available Monday through Friday from 8:15 am to 1:30 pm CT – to coincide with the DJ AIG ER futures contract’s normal trading hours.
About the CBOT
As one of the leading global derivative exchanges, the Chicago Board of Trade provides a diverse mix of financial, equity and commodity futures and options-on-futures products. Building on its 158-year history, the CBOT continues to advance into the future using the strength of deep liquidity, market integrity and member-trader expertise. Using superior trading technology in both electronic and open-auction trading platforms, the CBOT provides premier customer service to risk managers and investors worldwide. For more information, visit our website at www.cbot.com.
