LIFFE's Chief Executive, Hugh Freedberg said, "Volume for the first half of 2001 is up by 47% over the same period last year with an average daily volume of 776,405. LIFFE's flagship Three Month Euribor futures contract has seen a 47% increase in volume in the first half of 2001, trading over 44 million contracts (representing a value €4.4 trillion). Both the Swapnote and Universal Stock Futures contracts enjoyed continued growth in trading volumes."
LIFFE traded 18,383,997 futures and options contracts during the month of June 2001 representing an average daily volume of 875,428 contracts. Volume for the first half of 2001 amounted to 98,603,512 futures and options contracts, up 47% on the same period last year.
LIFFE's equity products volume rose 38% with Individual Equity Options up 79% year-to-date.
LIFFE's suite of Swapnote® futures contracts saw continued growth, trading over 500,000 futures contracts during June 2001.
LIFFE's Universal Stock Futures traded a 92% increase on May 2001; total volume for the month of June amounted to 350,000 Stock futures contracts (representing a value of £658 million in underlying shares), up 75% on May 2001.
Open interest, a good indicator of liquidity and long term use of the market, stood at 8,916,325 on 29 June 2001.
The following volume and open interest records were set in June 2001:
Volume
- FTSE 100 Index Future set a daily volume record of 178,323 on 11 June 2001 (previous daily record of 151,724 set on 14 March 2001)
- Combined Swapnotes set a daily volume record of 48,034 on 18 June 2001 (previous daily record of 46,110 set on 15 June 2001)
- LIFFE's Total Universal Stock Futures set a daily volume record of 84,508 (representing a value of £100 million in underlying shares) on 6 June 2001 (previous daily record of 80,656 set on 25 May 2001)
- LIFFE Total Exchange set an open interest record of 10,394,592 on 15 June 2001 (previous record of 10,337,692 set on 14 June 2001)
- Three Month Euribor Future set an open interest record of 1,807,983 on 18 June 2001 (previous record of 1,795,539 set on 19 Mar 2001)
- Three Month Euribor Option set an open interest record of 2,199,375 on 18 June 2001 (previous record of 2,194,312 set on 15 June 2001)
- FTSE 100 Index Future set an open interest record of 426,452 on 15 June 2001 (previous record of 420,012 set on 13 June 2001)
- FTSE 100 index (ESX) Option set an open interest record of 1,352,375 on 15 June 2001 (previous record of 1,299,507 set on 14 June 2001)
- FTSE 100 Index FLEX Option set an open interest record of 90,757 on 12 June 2001 (previous record of 86,757 set on 11 June 2001)
- Combined Swapnote set an open interest record of 113,281 on 29 June 2001 (previous record of 112,957 set on 27 June 2001)
- LIFFE's Total Universal Stock Futures set an open interest record of 303,194 on 15 June 2001 (previous record of 287,268 set on 14 June 2001)
- Robusta Coffee Future set an open interest record of 112,842 on 27 June 2001 (previous record of 112,229 set on 26 June 2001)
