CBOT January Average Daily Volume up 14 Percent Over January 2006
01 Février 2007 - 2:41PM
PR Newswire (US)
--Total Exchange Electronic ADV up 22 Percent Compared With January
2006 CHICAGO, Feb. 1 /PRNewswire-FirstCall/ -- The Chicago Board of
Trade (CBOT(R)), one of the world's leading derivatives exchanges,
today announced that January's total volume was 65,968,217
contracts, an increase of 20 percent over January 2006. Volume for
the month averaged 3,141,344 contracts per day, up 14 percent from
the same month last year. Average daily volume (ADV) on the
Exchange's e-cbot(R) electronic trading platform was 2,365,319
contracts in January, a 22 percent increase compared with January
2006. Agricultural Complex ADV in the CBOT Agricultural complex was
608,394 contracts in January, an increase of 64 percent compared
with January 2006. Higher volume was fueled by increases on both
the CBOT electronic trading platform and in the open auction
environment. January's electronic ADV for Agricultural futures was
238,488 contracts, 55 percent greater than December 2006.
Meanwhile, open auction Agricultural ADV was 354,505 contracts, an
increase of 2 percent compared with January 2006. January's record
volume in Corn options-on-futures contracts contributed to the
growth in overall Agricultural trading volume. In January, an
average of 77,644 Corn options-on-futures contracts traded each
day, three times greater than January of last year. Corn futures
contracts also experienced significant volume growth in January, as
ADV reached 246,026 contracts, up 97 percent over January of 2006.
Metals Complex The CBOT Metals complex continues to post increasing
volume - compared with both the prior year and the prior month. In
January, ADV in the CBOT Metals complex was 69,914 contracts, three
times greater than January 2006 and up 33 percent over December
2006. Notably, CBOT Full-sized (100 Oz) Gold futures saw ADV reach
53,116 contracts in January, an increase of 43 percent compared
with December 2006 and three times greater than January 2006. The
CBOT Silver complex also experienced volume growth in January, as
ADV was 9,923 contracts, three times greater than the same month
last year. Interest Rate Complex January's ADV in the CBOT Interest
Rate complex was 2,349,485 contracts, an increase of 5 percent
compared with January 2006. January volume for 10- year U.S.
Treasury Note futures and 2-year U.S. Treasury Note futures
contributed to the overall growth within the complex. January 2007
ADV for 10-year Treasury Note futures was 1,023,453 contracts,
while ADV for 2-year Note futures was 137,741 contracts, increases
of 19 percent and 34 percent, respectively, over January of 2006.
Electronic trading volume of Financial options contracts continued
to grow in January, when an average of 82,036 Financial options
were traded each day - a 60 percent increase compared with January
2006. In January 2007, 22 percent of all Financial options trades
at the CBOT were executed electronically. In July 2006, the
Exchange launched its new Binary options contracts on the Target
Federal Funds Rate. The event driven contracts are becoming
increasingly accepted by market participants who seek to manage
risk associated with the Federal Open Market Committee's (FOMC)
decisions regarding movement of the Target Federal Funds rate.
January ADV for Binary options was three times greater than
December 2006. Equity Index Complex ADV in the CBOT Equity Index
complex was 113,431 in January, a decline of 3 percent compared
with January of 2006. CBOT Average Daily Volume Product Jan. Jan.
Pct. Group 2007 2006 Chg. Agricultural 608,394 369,897 64.5 %
Financial 2,349,485 2,247,814 4.5 % Equity Indices 113,431 116,792
-2.9 % Metals, Energy and Other 70,037 22,578 210.2 % TOTAL
3,141,344 2,757,081 13.9 % CBOT Rate Per Contract The following
chart depicts the Exchange's December 2006 three-month rolling
average rate per contract (in dollars), and the two preceding
three- month periods' average rates per contract. Average rate per
contract represents total exchange and clearing revenue divided by
total reported trading volume. Average rates per contract can be
affected by exchange and clearing fee price levels, the customer,
product, venue and transaction mix. Three-Month Period Ending Dec.
31, 2006 Nov. 30, 2006 Oct. 31, 2006 Product Group Interest Rate
0.569 0.565 0.571 Agriculture 0.931 0.909 0.871 Equity Indices
0.803 0.800 0.798 Metals, Energy & Other 1.001 1.052 1.053
Overall Avg. Rate per Contract 0.653 0.645 0.638 Venue Open-Auction
0.522 0.534 0.531 Electronic 0.612 0.598 0.588 Off-Exchange 3.179
3.180 3.149 Total Avg. Rate per Contract 0.653 0.645 0.638 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 http://www.cbot.com/.
Forward Looking Statements Certain statements in this press release
may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and includes any
use of the words "may," "should," "could," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue." These statements are based on management's current
expectations and involve assumptions that may be subject to change
or risks and uncertainties that could cause actual results to
differ materially from those set forth in the statements.
Accordingly, actual outcomes and results may differ materially from
what is expressed or implied in any forward-looking statement
contained in this press release. The factors that may affect our
performance may be found in the Annual Report on Form 10-K and
other periodic reports filed by CBOT Holdings, Inc. with the U.S.
Securities and Exchange Commission ("SEC"). These filings can be
obtained at the SEC's website at http://www.sec.gov/. We undertake
no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Chicago Board of Trade CONTACT: Media, Craig Grabiner,
+1-312-341-5758, or , or Investor, Deborah Koopman,
+1-312-789-8532, or , both of Chicago Board of Trade Web site:
http://www.cbot.com/
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