BrokerTec Futures Exchange Achieves New Record Weekly Volume.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--Nov. 12, 2002 BrokerTec Futures Exchange Futures Exchange Traditionally, a term referring to a central marketplace where futures contracts and options on futures contracts are traded. More recently, with the growth in electronic trading, it is also used to describe the activity of futures trading itself. , the nation's only fully-electronic fixed income futures exchange, announced today that it achieved a new record for weekly volume last week of 140,715 contracts. Last week's contract volume was a 98% increase over BTEX's prior weekly record of 71,268 contracts. Average daily trading activity for last week also reached a new high of 28,145 contracts on the strength of successive single day volume records set by BTEX BTEX Benzene, Toluene, Ethylbenzene, and Xylenes (volatile organic compounds) on November 4th, 5th and 7th. In addition, BTEX announced that the total volume in its 5-year U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. note futures contract on Friday, November 8 was 10% of the volume in the similar contract traded on CBOT's a/c/e electronic platform. About BrokerTec Futures Exchange: BrokerTec Futures Exchange is a designated contract market approved by the CFTC CFTC See: Commodity Futures Trading Commission CFTC See Commodity Futures Trading Commission (CFTC). that offers a low-cost solution for the electronic trading of U.S. fixed income financial futures. BTEX, a subsidiary of BrokerTec Global, is owned and supported by a broad cross section of futures industry participants, including global financial institutions and banks, major securities firms, futures commission merchants, as well as a variety of proprietary trading firms and individuals. BTEX commenced trading in U.S. Treasury securities U.S. Treasury securities Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. futures contracts on November 30, 2001. For more information, go to www.btecfutures.com. (c) 2002 BrokerTec Global LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and its affiliated companies. All rights reserved. BrokerTec is the marketing name for BrokerTec Global, LLC. BrokerTec, the related marks and phrases are trademarks, service marks and logos of BrokerTec Global, LLC in the United States and other countries throughout the world. |
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