News Release

CBOT Fed Fund Futures Set Daily Volume Record

Wed Aug 09 2006

For Immediate Release


Media Contact:
Craig Grabiner
(312) 341-5758


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.

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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

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