Administration March 9, 2003

Mini Contracts Move to CBOT

September 27, 2001 (PLANSPONSOR.com) - The Chicago Board of Trade will launch mini-sized futures contracts on the Dow Jones Industrial Average, 30-year Treasury bond, 10-year Treasury note, New York Silver and New York Gold on Sunday.
Reported by

The mini contracts, designed as a complement to the existing Dow Jones, Treasury and Metal complexes, will trade only on the Board’s electronic a/c/e platform, according to a Reuters report.

The mini contracts currently trade on the MidAmerica Commodity Exchange but will stop on Friday at noon. Their open interest will be transferred to the CBOT.

Trading in the CBOT mini-sized 30-year Treasury bond and 10-year note contracts will begin at 8:00 p.m. CDT on Sunday. The mini New York Silver, New York Gold and Dow contracts will begin at 8:15 p.m. CDT the same day.

The CBOT is launching the mini contracts in hopes of stimulating retail business.

 

– Nevin Adams                          editors@plansponsor.com

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