BrokerTec Futures Exchange Trades 143,275 Contracts in February; Open Interest on February 28th was 21,999 Contracts.Business Editors JERSEY CITY, N.J.--(BUSINESS WIRE)--March 5, 2003 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. (BTEX BTEX Benzene, Toluene, Ethylbenzene, and Xylenes (volatile organic compounds) ), the nation's only fully-electronic fixed income futures exchange, announced today a monthly volume of 143,275 contracts in February, a 44.51 percent increase over the 99,142 contracts traded in the same period last year. Volume year-to-date is 348,671, compared to 215,216 contracts traded during the first two months of last year for an increase of 62.01 percent. In addition, open interest on February 28th stood at 21,999 contracts, compared to 22,808 one year earlier. Volume in the 10-year Treasury note was 77,136 contracts traded; turnover in the 30-year Treasury bond future was 39,920 contracts; while 26,219 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 contracts were traded in February. "We view this as a great start as we enter our second year of operation," said Hank Mlynarski, President, BrokerTec Futures Exchange. "BTEX is growing steadily, our deployment is expanding, and the percentage of one tick markets continues to improve, which is creating a more liquid, robust and competitive marketplace." 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 financial futures Obligations to buy or sell particular positions in financial instruments. The features of financial futures are identical to those of any futures contract except that the asset for delivery is of a financial nature. . 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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