IPE Natural Gas Futures Celebrates Second Anniversary with Record Volumes

As the IPE Natural Gas futures celebrates its second anniversary the contract looks strong. Volumes have risen steadily, new records have been set, contract modifications have enhanced the contract functionality, and the number of Trade Associate Members trading Natural Gas futures increased by nine in 1998 to a total of 11 companies by the end of the year. The contract traded a total of 326,940 lots (around 9.8 billion therms) in 1998, equating to an almost 400% increase over the previous year.