The year 2004 was a bumper one for futures and options
volume at the big four exchanges, all of which posted
significant increases over 2003's performance.
Almost 600m contracts traded at Chicago Board of Trade
(CBoT), 2004 being its most successful year ever and the third
consecutive record year. Total annual volume rose 32% over
2003, to an average daily volume of 2.3m contracts.
The exchange broke 23 separate yearly volume records over
the year across each of its constituent complexes - financial,
agricultural and equities. Trading in the financial complex
surpassed last year's record by 33.9%, totalling 490m
contracts. Treasuries also broke the prior record, rising 33.1%
above 2003's record to 383m contracts traded in 2004. Volume
for the exchange's agricultural futures complex rose 16.7% from
2003 to reach 85m contracts, while equity volume reached an
all-time high of 24m contracts traded, up 54.6% from the record
set in 2003.
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