Chicago Board of Trade (CBoT) announced last week that it
will list a new $25 Dow Jones Industrial Average (DJIA) futures
product on 20 March in an effort to meet perceived demand for a
larger sized contract.
CBoT Senior Vice President of Business Development Bob Ray
said in statement that the new contract, known as the Big Dow,
"will facilitate additional trading opportunities as the result
of the fungibility within CBoT's DJIA futures complex, as well
as with other broad-based equity index futures contracts that
have a significantly high correlation to the DJIA."
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