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 months 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 Exchanges 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.