Exchange Averages a Record 3.3 Million Contracts Traded Per Day in
the Second Quarter CHICAGO, July 3 /PRNewswire-FirstCall/ -- The
Chicago Board of Trade (CBOT), one of the world's leading
derivatives exchanges, today announced that volume during the
second quarter of 2006 reached a record 208,019,646 contracts, an
increase of 13 percent over the second quarter of 2005. Volume for
the second quarter averaged a record 3,301,899 contracts per day,
up 14 percent from the same period last year. Average daily volume
(ADV) on the Exchange's e-cbot(R) electronic trading platform also
set a record during the second quarter with 2,220,253 contracts
traded each day, a 20 percent increase compared with the second
quarter of 2005. Total CBOT volume for June 2006 was 70,723,405
contracts, a 20 percent increase over June 2005. June's volume
total ranks as the second highest volume month in the history of
the Exchange. The all-time CBOT monthly volume record was set in
May 2006 -- 79,828,143 contracts. Electronic ADV in June 2006
reached 2,084,112 contracts, 30 percent greater than June 2005.
CBOT Metals Volume Increases; Complex Market Share Continues to
Grow The 100-percent electronically-traded CBOT Metals complex
continued to experience increasing volume during the second quarter
of 2006, as ADV was 53,952 contracts -- nearly two-and-a-half times
greater than the first quarter of 2006. On June 23, the CBOT Gold
futures complex reached 50 percent market share in daily volume of
North American-listed Gold futures for the first time. Volume
totaled 36,273 contracts during the trading session. For the month
of June, the Exchange's Metals complex accounted for 41 percent of
listed Metals futures in North America. The CBOT Metals complex
includes Full-sized (100 oz.) Gold futures and options contracts,
mini-sized (33 oz.) Gold futures contracts, Full-sized (5,000 oz.)
Silver futures and options contracts and mini-sized Silver futures
contracts. Exchange's Interest Rate Complex Continues Growth Across
the Yield Curve Quarterly ADV within the CBOT Interest Rate complex
was 2,588,352 contracts -- a 9 percent increase compared with the
second quarter of 2005. June ADV for the Interest Rate complex
reached 2,422,641 contracts, 18 percent greater than June 2005.
Volume in the CBOT Interest Rate futures and options complex
continues to display growth at both the short end and the long end
of the yield curve. At the short end of the curve (30-Day Federal
Funds futures and options, Two-Year U.S. Treasury Note futures and
options), June ADV was 308,219 contracts, a 108 percent increase
over June 2005. Meanwhile, on the long end of the curve (10-Year
Treasury Note futures and options, 30-Year U.S. Treasury Bond
futures and options), ADV reached 1,635,949 contracts for a 16
percent increase compared with last June. For the second
consecutive month, the Exchange set records for the electronic
trading of Financial options contracts. A total of 2,066,232
Financial options traded on the e-cbot platform in June 2006 -- an
average of 93,920 contracts per day and more than three times
greater than June 2005. Last month, 19 percent of Financial options
trades at the CBOT were executed electronically. CBOT Agricultural
Complex Sets Several Quarterly, Monthly Records The CBOT
Agricultural futures and options complex reached volume records for
both the second quarter and the month of June. For the quarter, ADV
was a record 528,772 contracts, a 31 percent increase over the
second quarter of 2005. In June, ADV reached 593,798 contracts, 16
percent greater than the same month last year. The new volume
records in the Exchange's Ag complex were driven, in part, by
record performance in Corn futures and Wheat futures contracts,
which saw monthly ADV grow by 36 percent and 49 percent,
respectively. The CBOT also set quarterly total volume records for
Corn futures (11,973,980 contracts), mini-sized Corn futures
(42,130 contracts), Corn options (2,636,550 contracts) Wheat
futures (4,428,735 contracts), Wheat options (667,677 contracts)
and Soybean Oil futures (2,579,463 contracts). Increasing ADV of
Mini-Sized Dow(SM) Futures Leads to Record Volume in CBOT Equity
Index Complex The CBOT Equity Index complex experienced ADV records
for both the 2006 second quarter and the month of June. In June,
the complex averaged 147,721 contracts traded per day, while ADV
for the quarter was 130,698 contracts -- increases of 41 percent
and 14 percent, respectively, over the same periods in the prior
year. The Exchange's mini-sized Dow Jones futures contracts were a
major contributor to the complex's success, also setting monthly
and quarterly ADV records. For the quarter, an average of 119,369
mini-Dow futures contracts traded each day, up 15 percent over the
second quarter of 2005. And in June, ADV for mini-Dow futures was
131,973 contracts, 41 percent greater than in June 2005. CBOT
Average Daily Volume Product June June Percent Q2 Q2 Percent Group
2006 2005 Change 2006 2005 Change Agricultural 593,798 510,851 16%
528,772 403,608 31% Financial 2,422,641 2,059,003 18% 2,588,352
2,367,719 9% Equity Indices 147,721 104,766 41% 130,698 114,728 14%
Metals, Energy and Other 50,540 3,380 1,395% 54,077 3,004 1,700%
TOTAL 3,214,700 2,677,999 20% 3,301,899 2,889,059 14% CBOT Rate Per
Contract The following chart depicts the Exchange's May 2006
three-month rolling average rate per contract (in dollars), and the
two preceding three-month periods' average rates per contract.
Average rate per contract represents total exchange and clearing
revenue divided by total reported trading volume. Average rates per
contract can be affected by exchange and clearing fee price levels,
and the customer, product, venue and transaction mix. THREE-MONTH
PERIOD ENDING May 31, Apr. 30, Mar. 31, 2006 2006 2006 Product
Group Interest Rate 0.531 0.524 0.517 Agriculture 0.674 0.685 0.673
Equity Indices 0.764 0.771 0.760 Metals, Energy & Other 1.012
1.161 1.312 Overall Avg. Rate per Contract 0.566 0.562 0.552 Venue
Open-Auction 0.510 0.516 0.515 Electronic 0.514 0.504 0.495
Off-Exchange 2.429 2.345 2.296 Total Avg. Rate per Contract 0.566
0.562 0.552 For more information on the CBOT, to view the
Exchange's daily and monthly volume and open interest records, and
details on ADV and volume from previous months in 2006, please
visit http://www.cbot.com/. About the CBOT As one of the leading
global derivatives 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
http://www.cbot.com/. 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
http://www.sec.gov/. We undertake no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events or otherwise. DATASOURCE: The Chicago
Board of Trade CONTACT: Media, Craig Grabiner, +1-312-341-5758, ,
Investors, Deborah Koopman, +1-312-789-8532, , both of The Chicago
Board of Trade Web site: http://www.cbot.com/
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