In March 2007, Electricity Futures & Options continued to set new records with traded volume representing the equivalent of over 240% of National Electricity Market (NEM) physical demand (NSW, VIC, QLD & SA). This marks the 3rd consecutive month of exceeding 100% of NEM physical demand. Total traded volume for the month was an impressive 18,624 contracts*, which equates to a daily average turnover of 847 contracts*. This represents approximately 40.13 million MWh and has a face value of approximately $1.74 billion. Additionally Open Interest reached new levels of 34,272 contracts, as at the close of business 30 March.
Futures market transparency & liquidity continues to deliver critical efficiencies for the wider market. The electricity futures and exchange traded options products are CFTC-approved and are actively traded by financial trading specialists such as banks, hedge funds and financial investment houses.
