CBOT Average Daily Volume Climbs 22 Percent in November from October Levels

Year-To-Date ADV Increases by 14.3 percent 


CHICAGO, Dec. 1  /PRNewswire-FirstCall/ -- The Chicago Board of Trade (CBOT(R)) announced today that Exchange-wide average daily volume (ADV) continued on an upswing, climbing to 2,877,583 contracts in November 2005, up 22 percent over October 2005.  Further, the Exchange's October 2005 three- month rolling average rate per contract rose 3 percent to $0.516 from $0.501 in September 2005, due in part to Exchange fee increases implemented October 1, 2005.

ADV year-to-date (YTD) through November increased by 14.3 percent to 2,740,837 contracts, up from 2,397,621 contracts YTD through November 2004. ADV for November 2005 was 2,877,583 contracts, rising 1.6 percent from November 2004. The Exchange's electronic ADV increased to 1,963,672 contracts in November 2005, up 20.8 percent over October 2005 and 10.8 percent over November 2004 levels.

  Average Daily Volume Records
   -- Two-Year Treasury Note Futures
      -- New record: 122,576 contracts; prior record: 109,824 contracts
         (5/05)
   -- Five-Year Treasury Note Futures
      -- New record: 599,822 contracts; prior record: 587,813 contracts
         (2/05)
   -- Wheat Futures
      -- New record: 55,454 contracts; prior record: 55,451 contracts (2/05)

  Monthly Volume Records
   -- Wheat Futures
      -- New record: 1,164,543 contracts; prior record: 1,053,564 contracts
         (02/05)
   -- Two-Year Treasury Note Futures
      -- New record: 2,451,514 contracts; prior record: 2,306,303 contracts
         (05/05)

  Daily Volume Records
   -- Total Exchange Volume
      -- New record: 6,003,976 contracts (11/29/05); prior record: 5,852,889
         contracts (2/28/05)
   -- Electronic Volume
      -- New record: 4,211,359 contracts (11/29/05); prior record: 3,975,649
         contracts (8/31/05)
   -- Treasury Futures Complex
      -- New record: 4,949,116 contracts (11/29/05); prior record: 4,475,983
         contracts (2/28/05)
   -- Two-Year Treasury Note Futures
      -- New record: 400,159 contracts (11/29/05); prior record: 342,068
         contracts (11/28/05)
   -- Five-Year Treasury Note Futures
      -- New record: 1,385,306 contracts (11/29/05); prior record: 1,240,965
         contracts (11/28/05)
   -- Metals Complex
      -- New record: 16,057 contracts (11/28/05); prior record: 14,830
         contracts (11/17/05)
   -- 100 oz Gold Futures
      -- New record: 10,339 contracts (11/28/05); prior record: 8,320
         contracts (11/17/05)
   -- 5000 oz Silver Futures
      -- New record: 1,150 contracts (11/28/05); prior record: 1,060
         contracts (11/16/05)

  Daily Open Interest Records
   -- Fed Fund Options
      -- New record: 1,270,520 contracts (11/30/05); prior record: 1,261,740
         contracts (11/29/05)
   -- Ethanol Futures
      -- New record: 759 contracts (11/29/05); prior record: 758 contracts
         (11/28/05)
      -- Month-end open interest increased 65 percent from October
   -- Corn Futures
      -- New record: 876,069 contracts (11/04/05); prior record: 873,249
         contracts (11/03/05)
   -- Wheat Futures
      -- New record: 309,545 contracts (11/03/05); prior record: 305,362
         contracts (11/01/05)
   -- 100 oz. Gold Futures
      -- New record: 10,054 contracts (11/02/05); prior record: 9,739
         contracts (11/01/05)
   -- Metals Complex Futures
      -- New record: 19,162 contracts (11/01/05); prior record: 18,990
         contracts (10/28/05)


  Average Rate Per Contract (in dollars)
  Three-Month Rolling Average
  Average rate per contract represents total exchange and clearing revenue
  divided by total reported trading volume
                                                  3-month
                                               Period ending
  PRODUCT:                         Oct-05         Sept-05        Aug-05
  Interest Rate                     0.485           0.469         0.464
  Agriculture                       0.645           0.631         0.640
  Market Indices                    0.701           0.672         0.684
  Metals, Energy & Other            1.424           1.360         1.349
    Overall average rate per
     contract                       0.516           0.501         0.503
  VENUE:
   Open-Auction                     0.493           0.485         0.488
   Electronic                       0.433           0.411         0.408
   Off-Exchange                     2.087           2.117         2.283
     Overall average rate per
      contract                      0.516           0.501         0.503


  Other Developments


The Exchange recently informed vendors that it intends to increase the price of real-time market data quote fees for subscribers by $10 per month per access device, effective January 1, 2006. The CBOT will also reinstate a $250 per month data feed license fee on distributor provided data feeds. The price adjustment reflects recent enhancements made to improve the information stream of CBOT's market data.  This includes reducing data latency, increasing time- stamp granularity, and expanding the coverage of electronically traded spread strategies.

For more information on CBOT and details on ADV and volume for November, visit the Exchange's web site at http://www.cbot.com/ .

Forward Looking Statements

In this release, our use of the words "may," "will," "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/ . Except for any obligation to disclose material information under Federal securities laws, we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. 

FIRST AND FINAL ADD -- TABULAR MATERIAL -- TO FOLLOW

DATASOURCE: Chicago Board of Trade



CONTACT: Jennifer Rook of Chicago Board of Trade, [phone],

 



Web site:  http://www.cbot.com/ 

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