Record Volume of Futures Trade at Kansas City Board of TradeMon, 03 Jan 2011 19:25:56 CST
The Kansas City Board of Trade set a new annual volume trading record for the exchange as a whole in 2010, trading 5,697,874 contracts and breaking the previous annual volume record of 5,287,190 contracts set in 2006 by 7.8 percent.
HRW wheat futures volume traded in 2010 set a new annual volume record as well. A total of 5,549,842 contracts were traded, breaking the previous record of 4,763,168 contracts set in 2006 by 16.5 percent.
Also in 2010, the KCBT Board of Directors declared a record-high dividend of $29,000 per equity share (Class "AA" membership) for all shareholders of record as of September 28, 2010. The dividend was based on the 2010 earnings of the corporation; this is the 13th consecutive dividend the KCBT has paid to its shareholders based on annual earnings. The dividend amount represents a 7.4 percent return on investment relative to the latest share sales price of $390,000 on September 2.
The Kansas City Board of Trade is a for-profit corporation organized under the laws of Delaware. The KCBT, founded in 1856, is the world's largest futures market for hard red winter wheat.
Click here for the full news release with charts from the Kansas City Board of Trade.
WebReadyTM Powered by WireReady® NSI
Top Agricultural News