LIFFE's year-to-date trading volume is up 48%, with volume in May of 16,391,612 contracts, an increase of 30% compared to May 2000, representing an average daily volume of 712,679 contracts for the month.
LIFFE's Deputy Chief Executive, John Foyle said "Total volume in short-term interest rate products in May rose more than 29% year on year, with LIFFE's flagship contract, the Three Month Euribor future trading over 7 million contracts during the month.
The Exchange's suite of Swapnote® contracts had its busiest day yet, trading over 33,800 contracts on the 23 May, representing ?3.4 billion, while open interest stood at 90,975 on 31 May. Month-end open interest in Robusta Coffee futures stood at a record 100,087 compared with the record open interest of 66,374 before the contract was moved to LIFFE CONNECT™ in November 2000."
LIFFE CONNECT™'s distribution continued to increase as a further seven dealing rooms went live in May, bringing the total number of sites to 408 worldwide. LIFFE CONNECT™ can now be accessed from 23 countries globally. The exchange now trades a wider range of products and is available in more countries than any other electronic exchange in the world.
Open interest, a good indicator of liquidity and long term use of the market, stood at 9,434,525 on 31 May 2001.
The following volume and open interest records were set in May 2001:
VOLUME
- Three Month Euribor Future set a daily volume record of 1,143,871 on 10 May 2001 (previous daily record of 887,180 set on 11 April 2001)
- Three Month Euribor Option set a daily volume record of 412,936 on 10 May 2001 (previous daily record of 174,979 set on 24 April 2001)
- Combined Swapnote® set a daily volume record of 33,870 on 23 May 2001 (previous daily record of 33,514 set on 16 May 2001)
- LIFFE's Total Universal Stock Futures set a daily volume record of 80,656 on 25 May 2001(previous daily record of 33,960 set on 11 April 2001)
- Three Month Euribor Option set an open interest record of 2,073,010 on 31 May 2001 (previous record of 2,048,104 set on 24 May 2001)
- FTSE 100 Index Future set an open interest record of 370,383 on 30 May 2001 (previous record of 368,800 set on 29 May 2001)
- FTSE 100 index (ESX) set an open interest record of 1,251,804 on 18 May 2001 (previous record of 1,209,601 set on 17 May 2001)
- Combined Swapnote® set an open interest record of 97,071 on 3 May 2001 (previous record of 83,658 set on 2 May 2001)
- LIFFE's Total Universal Stock Futures set an open interest record of 181,734 on 31 May 2001 (previous record of 180,734 set on 30 May 2001)
- Robusta Coffee Future set an open interest record of 100,087 on 31 May 2001 (previous record of 97,420 set on 30 May 2001)
