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New Volume Record For NYBOT's Russell Contract

Date 17/12/2002

The New York Board of Trade (NYBOT®) announced yesterday a new daily volume record for its Russell 1000 futures contract of 64,680 contracts set on December 12, 2002. The old Russell record was 43,840 contracts, set on June 3, 2002.

NYBOT launched Regular and Large-sized futures and options contracts based on the Russell 1000 Index on February 19, 1999, and added a Mini contract on June 21, 2001. Volume and open interest are expressed in terms of the Mini contract.

Frank Russell Company, a global investment services firm, provides multi-manager investment products and services in more than 35 countries. Russell manages $66 billion in assets, and advises clients representing more than $1 trillion worldwide. The Russell 1000 Index measures the performance of the 1,000 largest companies in the Russell 3000® Index and represents approximately 92% of the total market capitalization of the larger index. The Russell 3000® Index covers about 98% of the U.S. equity market.

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions, NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com.