Hugh Freedberg, Chief Executive at Euronext.liffe, said: "March has been a key month in the development of our business. This has been our busiest month ever for short-term interest rate products, which are being used by a growing number of financial institutions to hedge their interest rate risk. Last month we traded more STIR products than any other exchange in the world."
Euronext.liffe is the only exchange to offer its customers six of the world's major short-term interest rate products together on one platform, LIFFE CONNECT®, following the launch of Eurodollar futures and options in March.
The relative growth of Euronext.liffe's Three Month Euribor futures and options contracts is demonstrated by the fact that in March it represented 82% of total Eurodollar futures and options volume, up from 60% for the year 2003.
Market volume in STIR products:
March 04 Volume | Total | |
Euronext.liffe Euribor | 28,701,091 | 36,149,764 |
Euronext.liffe Sterling | 6,852,216 | |
Euronext.liffe Euroswiss | 511,446 | |
Euronext.liffe Eurodollar | 64,036 | |
Euronext.liffe EONIA | 20,975 |