The futures contract also broke its open interest record twice in July 2003: 91,369 contracts on 28 July and 102,156 contracts just a day later. Its previous open interest record before July was 90,233 contracts on 26 June this year.
For the period of January-July this year, Taiwan futures traded 3,090,416 contracts, a growth of 16.7% as compared to 2,648,636 contracts traded in the same period last year.
SGX's MSCI Taiwan Index Futures contract has been growing steadily since it was launched on 9 July 1997, setting consecutive annual record volumes since 2000 (see table below).
1997 | 1998 | 1999 | 2000 | 2001 | 2002 | Jan-Jul 2003 | |
Volume (No.
of Contracts
|
677,295 | 1,842,977 | 1,628,977 | 3,390,153 | 3,902,738 | 4,628,247 | 3,309,416 |
Growth
|
N/A | 172.1% | -11.6% | 108.1% | 15.1% | 18.6% | N/A |