21 Apr 2004, Risk magazine
The planned Dow Jones CBOT Treasury Index futures contract will settle for cash and have a notional value equal to $1,000 multiplied by the underlying Dow Jones CBOT Treasury Index.
The index should become an important benchmark for investors in US Treasuries, including fixed-income portfolio managers and bank risk managers.
Separately, the CBOT reported that its first-quarter revenues rose by 24% to $100.9 million, from $81.5 million in the corresponding period of 2003, with a record quarterly trading volume contributing to revenue growth.
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