Chicago Board of Trade (CBoT) plans to start a new off-hours, all electronic market making program for its options on interest rate futures in the coming weeks and to introduce new options trading functionality on its e-CBoT trading platform.
In a letter sent last Tuesday to members and obtained by FO Week, CBoT stated it is now accepting applications from market markers for seven US interest rate options contacts, which will be offered electronically during "extended market hours" from 2pm to 7am Chicago time.
"We're trading about 150,000 [interest...