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FTSE Mondo Visione Exchanges Index:

Eurex Already Ahead Of 1999 World Record Volume In October - About 382 Million Contracts Traded In 10 Months - 37.8 Million Contracts In October

Date 01/11/2000

Eurex, the European derivatives market, achieved outstanding results again in October with 37.8 million contracts traded, an increase of about 11 percent over the number traded in October last year. A total of some 382 million contracts have already been traded this year, exceeding the volume posted for all of 1999 (379 million contracts) after only 10 months and also beating the world record for turnover posted by any derivatives exchange to date.

In trading of capital market products, derivatives on short-term federal bonds scored outstanding results again in October: Some four million contracts were traded in futures on the Schatz, a 54 percent increase on the October 1999 volume. Turnover in options on the Schatz, at about 214,000 contracts, was even more than double the previous year’s figure.

In the index products segment, 7.5 million contracts changed hands in October, the second-best monthly performance to date. Options on the Dow Jones Euro-STOXX 50 set a new record with some one million contracts traded, surpassing the October 1999 volume by 89 percent; 1.35 million contracts were traded in the futures, a 243 percent increase over the same period of last year. In options on the DAX, over 3.4 million contracts were traded, the second-best monthly total in these products to date, and 28 percent higher than one year ago. The derivatives on the NEMAX 50 also continued on their successful trend: 157,000 contracts were traded in the futures in October, setting a new record. A new record was also set in the options with 109,000 contracts traded (previous record: 58,000 contracts).

With roughly 8.2 million contracts traded in the equity products, the second-best monthly volume to date was posted in October, and was over 50 percent higher than the previous year’s figure. The option on Nokia set another turnover record in October, with about 665,000 contracts traded (previous record: 495,000 contracts). This makes the option on Nokia the third-strongest option at Eurex after one year of trading.

a/c/e, the trading platform jointly operated with the Chicago Board of Trade (CBOT), posted convincing results again in October. A total of 2.2 million contracts changed hands during this month of trading, surpassing the September volume by 9 percent. In the interest-rate products, a/c/e posted 17.5 percent of the turnover at CBOT with 2.14 million contracts traded in this segment. A new record was set in the 30-year U.S. Treasury Bond Future on the new, a/c/e electronic trading platform, with about one million of these contracts traded. The 10-year Treasury Note also put in another convincing performance with a new record of 895,000 contracts traded in October. Trading on a/c/e accounted for more than 24 percent of the volume traded in these two U.S. benchmark products at CBOT in October.