Trading volume at the New York Board of Trade® (NYBOT®), the world’s leading “soft” commodity exchange, continued its upward climb for yet another month as January 2005 saw a 29% increase (Year-To-Date or YTD) in combined futures and options volume, with 2,832,514 2005 futures and options contracts changing hands in January 2005, versus 2,187,403 contracts in January 2004. The NYBOT combined futures and options open interest set a record on January 31 of 1,866,175 contracts.
Some January individual product highlights YTD include:
- The Sugar No. 11SM futures contract (symbol SB) jumped 91%, while the options (symbol SO) rose 115%. On January 31, sugar futures set an open interest record of 427,831 contracts, and the options on January 12 with 447,157 contracts.
- Cotton No. 2SM (symbol CT) saw a rise of 31% in the futures, and Frozen Concentrated Orange Juice options (or FCOJ, symbol OJ) climbed 93%.
- NYBOT’s Cocoa futures (symbol CC) were up 6%, and the options (symbol CO) jumped 129%.
- In the NYBOT financial markets, the U.S. Dollar Index® futures (symbol DX®) rose 19%, while the Russell 1000® Index options (symbol R) were up 18%.
- Additionally, Coffee “C”® options set an open interest record on January 13 of 156,087 contracts.
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 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.
