The busiest day of trading in the Exchange's forty two year history was spurred by September to December interest rate contract roll activity and yesterday's unexpected Australian employment figures.
Trading activity was primarily driven by the Exchange's bank bill and medium term bond products, with SFE's most heavily traded contract, 3-Year Treasury Bond Futures trading 254,765 contracts, representing an underlying nominal contract value $25.4bn.
"The exchange seeks to continually improve the facilitation of customers' roll activities, and it is pleasing to note that in times of increased volatility the roll is proceeding satisfactorily," said Peter Hiom, General Manager of Business Development and Strategy. "In addition, yesterday's volume demonstrates how SFE's derivatives products are central to the efficient risk management of debt and equity exposure in Australia's capital markets."
The previous Exchange record trading day was on June 10th 1998 with 423,573 contracts traded.
