News Release

CBOT Implements Electronic Vault Delivery Enhancements to Metals

Tue Dec 05 2006

For Immediate Release

Media Contact:
Debbie Baratz


CHICAGO, December 5, 2006 – The Chicago Board of Trade (CBOT®) announced today it has successfully implemented an Electronic Vault Delivery Receipt system (EVDRS) for its Precious Metals complex. Last week, the CBOT transferred over 2,800 delivery receipts across all of its CBOT Metals contracts. The CBOT introduced the system on November 20, 2006.

CBOT Senior Vice President of Business Development Robert D. Ray said, “This new innovation is the direct result of close collaboration with our clients and in particular with HSBC, one of the largest vaults in the world. Clearing firms have been very supportive of the new electronic vault delivery platform for its timesaving processing abilities and its reductions in monetary and operational risks.”   

The CBOT launched the EVDRS for its Precious Metals complex on November 20, 2006.  The new system enables firms to eliminate the manual process of delivering paper receipts. It also automates delivery payments that are managed through the current electronic pay-collect system so they are available in a timely and efficient manner.

Since its launch in late 2004, the CBOT Metals complex continues to attract new market participants and experience increasing volume. For the month of November, the Exchange’s Metals futures complex, including both Full-sized and mini-sized Gold and Silver futures contracts, accounted for 49 percent of all listed Gold and Silver futures contracts traded in North America. The CBOT Gold futures complex, which includes Full-sized (100 oz.) and mini-sized (33 oz.) Gold futures contracts, accounted for 52 percent of the listed North American Gold futures market in the month of November.    

Volume increases in Gold and Silver futures led to record ADV across the CBOT Metals complex.  November 2006 ADV for the Metals complex was a record 78,189 contracts, 8 times greater than the same month in 2005.

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

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  We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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