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Electronic trading of NYBOT softs exceeds 48,000 contracts

Feb '07
Electronic soft commodity futures trading at the New York Board of Trade (NYBOT), subsidiary of ntercontinentalExchange, reached 48,884 contracts , or more than 24% of overall daily volume in those products.

The new high replaces two previous record days of electronic soft commodity trading at NYBOT from yesterday, February 5 (24,063 contracts, approximately 18% of daily volume) and Friday, February 2 (13,164 contracts, and approximately 11% of daily volume).

In addition, new open interest records in NYBOT Sugar No. 11, Cotton No. 2 and Coffee “C”? contracts have been established for the past two days of side-by-side trading. Today's records include all-time open interest highs of 698,496 contracts for sugar, 194,912 contracts for cotton, and 137,239 contracts for coffee.

Chuck Vice, ICE President and COO, said: “Today's impressive performance has exceeded our initial expectations and is further evidence of the growth that increased access through our electronic platform brings to these important global contracts. We are encouraged by the new open interest records for these products.”

ICE, the leading electronic energy marketplace and soft commodities exchange, and its regulated subsidiary, NYBOT, introduced side-by-side trading for the NYBOT physical soft commodity contracts on Friday, February 2. Contracts offered include cocoa, coffee, cotton, orange juice and sugar.

New York Board of Trade, USA

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