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On November 2, with nearly two months of trading left in 2006, the New York Board of Trade® (NYBOT®) surged past its all time volume total established in 2005, reaching 38,025,526 contracts. The combined total of futures and options contracts traded surpassed last year’s record annual total of 37,945,585. Year-to-date (YTD) volume through the end of October 2006 was running 28% ahead of the same period in 2005. Total futures and options trading for the month clocked in at 3,208,233 contracts.
Option trading continues to lead the growth following the month of September where NYBOT’s YTD options volume of 9,159,123 contracts broke the previous all time annual volume record of 8,932,169 from 2005. NYBOT’s options marketplace, passing the ten million mark in October, is currently 39% ahead of last year’s record pace.
“The continued surge of trading activity here at NYBOT is evidence that more and more investors are looking to our markets at a time when commodities are becoming more important as an alternative asset class,” said Joe O’Neill, NYBOT SVP of Marketing. “ We are particularly pleased to see the growth in our core commodity options markets as hedgers and investors take advantage of the strategic flexibility in these products.“
As trading activity in its core markets maintains its record pace in October, NYBOT also continued to expand its product offerings with the launch of its Not From Concentrate (“NFC”) orange juice futures and options contracts. The NFC contracts (symbol ON) reflect the changing orange juice marketplace, where 63% of the $2.3 billion global OJ market is now NFC. The new contract joined the NYBOT ranks in a month where the FCOJ contract market experienced significant activity during a period of increased OJ price volatility.
Some NYBOT YTD category increases through the end of October are: Total Ag Futures (up 27%), Currency Futures (up 19%), and Total Futures (up 25%); options increases are: Ag Options (up 40%), Currency Options (up 16%), and Total Options (up 39%).
Some individual product increases (YTD):-Cocoa (symbol CC) futures (up 36%)
-Sugar No. 11sm (symbol SB) contract (up 29%) and options (up 103%)
-Cotton No. 2sm (symbol CT) futures (up 27%)
-U.S. Dollar Index® (symbol DX) futures (up 21%)
-Coffee “C”® (symbol KC) futures (up 17%) and options (12%) -Frozen Concentrated Orange Juice (symbol OJ) futures (up 16%) and options (up 6%)
-Wood Pulp (symbol P) futures (up 14%)
Category
YTD Volumes
|
|
2006
YTD |
2005
YTD |
%
Increase |
|
Total
Ag Futures |
24,039,502 |
18,958,744 |
27% |
|
Total
Ag Options |
9,842,105 |
7,006,434 |
40% |
|
Total
Currency Futures |
2,968,021 |
2,499,852 |
19% |
|
Total
Futures |
27,691,562 |
22,153,046 |
25% |
|
Total
Options |
10,053,326 |
7,246,358 |
39% |
|
Total
Futures & Options |
37,744,888 |
29,399,404 |
28% |
Individual
Product YTD Volumes
|
|
2006
YTD |
2005
YTD |
%
Increase |
|
Cocoa
Futures |
2,658,127 |
1,952,442 |
36% |
|
Sugar
No. 11 Futures |
13,157,995 |
10,216,220 |
29% |
|
Sugar
No. 11 Options |
5,425,342 |
2,668,586 |
103% |
|
Cotton
No. 2 Futures |
3,652,916 |
2,876,169 |
27% |
|
US
Dollar Index Futures |
982,327 |
809,157 |
21% |
|
Coffee
“C” Futures |
3,653,246 |
3,109,406 |
17% |
|
Coffee
“C” Options |
2,262,462 |
2,018,632 |
12% |
|
FCOJ
Futures |
793,978 |
684,207 |
16% |
|
FCOJ
Options |
372,287 |
350,382 |
6% |
|
Pulp
Futures |
18,460 |
16,230 |
14% |
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.
