The open interest at the end of April 2005 was of 2.7 million lots, marking an increase of 44% from April 2004.
The IDEM stock futures, the highest volume product of the IDEM in April reached a daily average volume of 61,760 standard contracts. From the month of January to April 2005 grew by 609% in volume and by 409% in terms of open interest respect to the same period last year.
From the beginning of 2005, Borsa Italiana has further increased the number of IDEM Stock Futures , listing 5 new stock futures in February and 7 in April to reach a total of 34.
The IDEM has grown constantly in the first 4 month of this year: the trading volumes have grown by 29% respect to the same period last year; setting the following records:
- Futures on the S&P/MIB index reached a record high on March 16th with 57,183 contracts;
- Options on the S&P/MIB index hit a new daily record on April 18th with 28,805 contracts;
- The IDEM Stock Futures have set several daily records, the last one being on April 13th with 172,709 contracts;
- Stock options traded their second highest volume ever in January 2005 with a daily average of 52,704 contracts.
The IDEM continues to attract more and more interest from abroad with a total of 23 remote clients directly connected to the market.
