The Chicago Board of Trade plans to offer trading of CBOT full-sized, physically delivered agricultural futures contracts on its electronic trading platform during daytime trading hours.
On August 1, 2006, the CBOT expects to begin trading its corn, wheat, soybean, soybean oil, soybean meal, rough rice and oat futures contracts on e-cbot, the Exchangeâ€™s electronic trading platform, side-by-side with CBOT open auction markets.
Trading hours for the electronically traded agricultural contracts will be from to , and the new daytime hours will be from to (Chicago Time). These new trading hours will continue to expand market access to the CBOTâ€™s benchmark agricultural products to accommodate its global customers, particularly those in the European and Asian time zones.
CBOT President and Chief Executive Officer Bernard W. Dan notes, "The move to list our agricultural contracts on e-cbot during the day was driven by strong customer demand, and it represents an outstanding opportunity for all of our market participants."
In addition, the Exchange will list its South American soybean and ethanol futures contracts during daytime hours on e-cbot. The CBOTâ€™s South American soybean contract is expected to trade from to and from to beginning Monday, May 15, 2006. The CBOT Ethanol futures contract is expected to trade on e-cbot from to and from to beginning Wednesday, May 31, 2006.
Aside from differing ticker symbols, the contract specifications for the electronically-traded agricultural products will be the same as those traded on the open auction platform. Therefore, the electronic contracts will be fully fungible with the corresponding open auction contracts.