Kansas

KCBT Open Interest Continues to Surge

The Western Natural Gas Futures contract on the Kansas CityBoard of Trade has continued its rapid expansion, with openinterest surpassing 9,000 contracts for the first time everTuesday. KCBT said long-time participants have been “putting onincreasingly large positions” and “a number of new participantsalso have entered the market.” A floor trader mentioned PG&Eand Southern Energy Marketing as being two big players. KN Energy,Oneok and Duke alsowere reported as recent big entrants.

March 26, 1998
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