News Release

CBOT Fed Fund Futures Set Daily Volume Record

Wed Aug 09 2006

For Immediate Release

 

Media Contact:
Craig Grabiner
(312) 341-5758
news@cbot.com

CBOT FED FUND FUTURES SET DAILY VOLUME RECORD

CHICAGO, IL, August 9, 2006 – The Chicago Board of Trade (CBOT®) today announced that its Federal Fund futures contract set a record on Tuesday as volume surged to 286,935 contracts.  The previous high mark, 262,840 contracts, was set on August 4, 2006.

In addition, the Exchange’s new Binary options on the Federal Funds Target Rate contracts, launched less than a month ago, also set a record yesterday.  The new record for the Binary options stands at 769 contracts.  The previous record, 745 contracts, was set on August 3, 2006.

Both contracts serve as an effective hedge against short-term interest rate exposure.  Yesterday’s records were set the same day the U.S. Federal Reserve decided to hold the country’s benchmark interest rate at 5.25 percent.

For more information on the CBOT and its products, please visit www.cbot.com.

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.

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 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.

Corporate Communications

+1 312 930 3434
Email