News Release

CBOT Set to Trade Ethanol Futures Electronically During Day

Tue May 23 2006

For Immediate Release

Media Contact:
Jennifer Rook

CBOT Ready to Trade Ethanol Futures Electronically During Daytime Hours on May 31

CHICAGO, May 23, 2006 – The Chicago Board of Trade (CBOT®) announced it is set to list its Ethanol futures contract electronically during daytime trading hours starting Wednesday, May 31. The contract will be available to trade on the Exchange’s electronic platform, as well as via open auction, from 9:30 a.m. –1:15 p.m. (CST). The contract will resume trading electronically from 6:36 p.m. – 6:00 a.m. (CST) daily.   

CBOT CEO Bernard W. Dan said, “Given the recent increases in corn-based Ethanol production and attention it is receiving in the market, it is critical to list this contract electronically during daytime trading to expand the contract’s availability. The global distribution and speed of our e-cbot platform will provide market participants with real-time bids and offers, creating more value and opportunity.”

The CBOT worked collaboratively with ethanol producers and refiners to design an effective vehicle for both price discovery and the management of price volatility within the domestic ethanol market.  The CBOT launched the CBOT Ethanol futures contract in March 2005. Employing the most advanced electronic delivery system within the industry, the contract has had successful consecutive deliveries, demonstrating the efficiency of the physical delivery settlement process. 

This will be the second CBOT Agricultural futures contract to trade electronically during daytime open auction trading.  On May 15, the CBOT listed its South American Soybean futures contract. As announced previously, the CBOT intends to offer the remainder of its Agricultural futures contracts, including Corn, Soybean, Soybean Oil, Soybean Meal, Rough Rice, Wheat and Oat futures, on its electronic trading platform during daytime trading hours beginning August 1, 2006. 

For more information on Ethanol futures, please visit the CBOT’s website at Market users can access live, real-time electronic bids and offers for the most active trading contract months for free at

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 investor worldwide. For more information visit our web site at

Forward Looking Statements

In this release, our use of the words “may,” “should,” “could,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “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, Inc. with the Securities and Exchange Commission, which can be obtained at its 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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