FOR IMMEDIATE RELEASE

CBOT Introduces Market Maker Programs for Options on Two-Year U.S. Treasury Note Futures
Six Electronic Market Makers to Participate

CHICAGO, November 17, 2005 - The Chicago Board of Trade (CBOT) announced today that it has launched two new market maker programs that are designed to support the trading of options on CBOT's Two-Year U.S. Treasury Note futures.

Under the new electronic market marker (EMM) program, participating market makers are expected to provide continuous two-sided quotes and respond to requests-for-quote for options on CBOT's Two-Year U.S. Treasury Note futures traded on its electronic trading platform. The participants in the EMM program currently include Capstone Fixed Income, LLC; Citigroup Corporate and Investment Banking; Consolidated Trading LLC; DRW Investments, LLC; Nico Trading, Inc.; and Optiver US, LLC. The EMM program is effective daily from 7:00 a.m. to 2:00 p.m., Chicago time.

In addition to the EMM program, the CBOT is also launching a new primary market marker (PMM) program for options on CBOT's Two-Year U.S. Treasury Note futures traded on its open auction platform. The participants in the PMM program currently are Citigroup Corporate & Investment Banking and DRW Investments, LLC.? The PMM program is effective daily from 7:20 a.m. to 2:00 p.m., Chicago time.

CBOT Senior Vice President of Business Development Robert Ray said, "The market maker programs are designed to develop liquidity and foster additional growth for our Two-Year U.S. Treasury Note complex.? Overall, we believe that these market maker programs will enable CBOT to expand its leadership position in the trading of fixed income options."

Contact: Jennifer Rook
312-435-3625
news@cbot.com

About the CBOT
As one of the leading global derivative exchanges, the Chicago Board of Trade (CBOT) provides a diverse mix of financial, equity, and commodity futures and options-on-futures products. For more than 157 years, 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 on the CBOT, visit our web site at www.cbot.com.

Contact Us
Media Room

Keep updated on all relevant futures and options press releases, videos, tweets and reports pertaining to our derivatives market.

Most Recent

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2026 CME Group Inc. All rights reserved.