For Immediate Release
Media Contact:
Jennifer Rook
(312) 435-3625
news@cbot.com
CBOT METALS COMPLEX VOLUME SURPASSES 100,000 CONTRACTS
Open Interest in CBOT Precious Metals Up 59 Percent Over Total at End of April; Total Exchange Open Interest Sets New Record
CHICAGO, IL, May 12, 2006 – The Chicago Board of Trade (CBOT®) announced today that its 100-percent electronically traded Precious Metals complex set an all-time high, as volume reached 100,589 contracts at the close of trading yesterday. The previous record, 96,630 contracts, was set April 20, 2006.
The Exchange also set two significant open interest records yesterday. The CBOT Metals complex saw open interest totals rise to a record 60,323 contracts – a 59 percent increase over the total from past month’s end. And total Exchange-wide open interest reached a record 16,421,016 contracts. Open interest represents the number of trading positions that have not yet been offset and closed at the end of a trading day.
The new Metals complex volume highs were largely due to the performance of the CBOT Gold Complex, which set records across all of its contracts yesterday. Full-sized (100 oz.) Gold futures volume climbed to 55,670 contracts, and mini-sized (33 oz.) Gold futures increased to 26,127 contracts. Meanwhile, the Exchange’s Gold options contracts saw volume reach 5,471 contracts.
Month-to-date, the CBOT Gold futures complex accounted for nearly 40 percent of listed Gold futures contracts traded in North America.
Robert Ray, senior vice president of Business Development at the Exchange said: “These record-setting performances within the CBOT Metals Complex have made it quite apparent that the market continues to embrace the speed and trade certainty of our transparent, electronic model. We continue to play a greater role in metals price discovery, and recent increases in open interest indicate that our platform is becoming a preferred marketplace among commercial firms and asset managers.”
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Previous Record |
Date |
May 11 Totals |
Percent Increase |
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Metals Complex Volume |
96,630 |
April 20, 2006 |
100,589 |
4% |
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100 Oz. Gold Futures Volume |
50,068 |
April 20, 2006 |
55,670 |
11% |
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100 Oz. Gold Options Volume |
4,529 |
May 9, 2006 |
5,471 |
21% |
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Mini-sized Gold Futures Volume |
20,352 |
April 20, 2006 |
26,127 |
28% |
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Metals Complex Open Interest |
54,045 |
May 10, 2006 |
60,323 |
12% |
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100 Oz. Gold Futures Open Interest |
21,497 |
May 10, 2006 |
25,361 |
18% |
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100 Oz. Gold Options Open Interest |
11,504 |
May 10, 2006 |
12,751 |
11% |
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Gold Complex Open Interest |
40,711 |
May 10, 2006 |
46,281 |
14% |
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For more information on the CBOT and its Metals complex, 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
In this release, our use of the words “may,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “predicts,” “potential” or “continue” or other comparable terminology is intended to identify forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in filings made by CBOT Holdings, Securities and Exchange Commission, which can be obtained at its website at www.sec.gov. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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