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Home Markets Commodities CBOT Sets New Record For All-Time Daily Volume Topping 7 Million Contracts


CBOT Sets New Record For All-Time Daily Volume Topping 7 Million Contracts
added: 2006-12-05

The Chicago Board of Trade announced that the Exchange reached its highest daily trading volume in its 158-year history on November 29. Total Exchange volume was 7,791,833 contracts, surpassing the previous all-time record of 6,522,607 contracts set on August 29, 2006.

The Exchange also set a new daily volume record for Full-Sized (100 oz.) Gold futures contracts, which saw volume climb to 78,133 contracts on November 29. The previous record, 72,836 contracts, was set on November 27, 2006.

CBOT President and CEO Bernard W. Dan said, “Setting volume records is a tribute to market participants embracing trading efficiencies as well as the wealth of trading opportunities offered at the CBOT. Our Full-sized Gold contracts are a perfect example of this, as users take advantage of recently launched efficiencies such as directed fungibility, the electronic warehouse receipt system, and side-by-side trading of Metals options contracts. We take great pride in the value we bring to our global customer base through our highly liquid markets.”

The Exchange also reached a new daily volume record for electronic trading on e-cbot®, which climbed to 6,061,555 contracts. The previous record, 4,946,815 contracts, was set on August 29, 2006. Numerous electronic trading records contributed to yesterday’s overall electronic volume milestone. New electronic trading records include:

-Total electronic futures trading volume rose to 5,961,623 contracts, surpassing the previous record of 4,872,251 contracts on August 29, 2006.

-Total electronic Financial futures and options trading volume was 5,628,660 contracts, topping the earlier record of 4,713,568 contracts set on August 29, 2006.

-30-Year Treasury Bond futures set a daily electronic record with 791,269 contracts traded. The previous record, 748,694 contracts, was set on May 31, 2006.

-10-Year Treasury Note futures electronic volume reached 2,800,457 contracts, surpassing the previous record, 2,148,476 contracts, set on August 30, 2006.

-2-Year Treasury Note futures electronic volume was 613,834 contracts, exceeding the earlier record of 556,288 contracts set on May 30, 2006.

In addition to the new electronic trading records, the Exchange also set several combined volume records, including total combined futures volume, with 7,216,546 contracts traded. The previous record, 6,033,536 contracts, was set on August 30, 2006. The CBOT also set new combined volume records for total Exchange Financial futures and options (6,967,612 contracts), Treasury complex futures and options (6,876,471 contracts), 10-Year Treasury Note futures and options (3,504,156 contracts), and 2-Year Treasury Note futures and options (781,034 contracts).


Source: CBOT

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