NYBOT softs exceed 64,000 contracts in electronic trading

08 Feb '07

1 min read

Electronic soft commodity futures trading at the New York Board of Trade (NYBOT), a wholly-owned subsidiary of IntercontinentalExchange, reached a new high of 64,042 contracts, or more than 19% of overall daily volume in the listed products.

Additionally, total volume of 340,190 contracts set a new daily volume record, replacing the previous high of 315,390 contracts set on April 13, 2006. The World Sugar futures contract also set a new volume record with 155,727 contracts traded, replacing the previous high of 153,201 contracts.

New open interest records were also set yesterday in NYBOT Sugar No. 11 (703,998), Cotton No. 2 (195,478), and Coffee “C” (137,834) contracts.

NYBOT also announced extended hours in its electronic markets offered on the ICE platform. Beginning Tuesday, February 20, the hours will be extended to 1:30 a.m. ET to 3:15 p.m.

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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