Chicago Board of Trade (CBoT)'s newest index products are drawing interest from the industry, despite getting off to a modest start in their initial trading days.
CBoT launched options on its $5 mini-sized Dow futures and futures on the Dow Jones US Total Market Index (TMI) on 9 February. Last Wednesday, volume on the mini-sized Dow options was just 60 contracts, while the TMI futures posted 90 contracts traded.
Bob Ray, senior vice president of business development, told FO Week he is optimistic about the new contracts and is pleased with the performance of the Dow options...