Electronic soft commodity futures trading at the New York Board of Trade (NYBOT), a wholly- owned subsidiary of Intercontinental Exchange, recently reached a new high of 64,042 contracts in one day, or more than 19 percent of overall daily volume in the listed products.
Additionally, the total volume of 340,190 contracts set a new daily volume record, replacing the previous high of 315,390 contracts set on 13 April 2006. The World Sugar futures contract also set a new volume record with 155,727 contracts traded, replacing the previous high of 153,201 contracts.
NYBOT today also announced extended hours in its electronic markets offered on the ICE platform. Beginning 20 February 2007, the hours will be extended to 1:30 a.m. ET to 3:15 p.m.
ICE, the electronic energy marketplace and soft commodities exchange, and its regulated subsidiary, NYBOT, introduced side-by-side trading for the NYBOT physical soft commodity contracts on 2 February 2007. Contracts offered include cocoa, coffee, cotton, orange juice and sugar.