BrokerTec Futures Exchange Trades One-Millionth Contract

JERSEY CITY, July 23, 2002 -- BrokerTec Futures Exchange (BTEX), the nation's only fully-electronic futures market for U.S. Treasury futures, announced that it traded its one-millionth contract on July 22, 2002, only seven and a-half months since the Exchange commenced trading operations in U.S. Treasury bond and note futures on November 30, 2001.

"Since our launch, BTEX has seen growth in volumes as market participants embrace the unique offerings and efficiencies of our strong and robust electronic trading platform," said Hank Mlynarski, BTEX President. "The addition of new members, the quality of our markets and the increase in deployment have contributed to our achievement," he added.

In the month of June, BTEX experienced improved performance, setting a record in monthly trading volume that surpassed 200,000 contracts and exceeded 10,000 contracts in average daily traded volume.

"We are proud to see that in only seven and a-half months we reached the one-millionth milestone while it took other industry players considerably longer to achieve the same goal. We look forward to continuing on this growth path and further strengthening our position in the financial futures markets by deepening the pool of market participants and expanding our contracts," Mlynarski concluded.

About BrokerTec Futures Exchange

BrokerTec Futures Exchange (BTEX) is a subsidiary of BrokerTec Global, L.L.C., the fully-electronic inter-dealer broker that has transacted more than $35 trillion (single count) in fixed income securities since it began operations on June 29, 2000.

BTEX offers a low-cost solution for the electronic trading of U.S. fixed income financial futures. BTEX's open membership includes futures commission merchants, local trading firms and individuals. The Exchange commenced trading in U.S. Treasury bond and note futures on November 30, 2001.

Media Contact:
BTEX - Ivette Collazo

Trimedia - Dorien van Boven
212.888.6115 x231

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development