Average daily trades totalled 70,171 in 2003, compared to 58,166 in 2002. The underlying dollar value of the derivatives products traded on the Montréal Exchange in 2003 rose to over $30 billion, on average, on a daily basis, compared to $20 billion in 2002.
The number of contracts held ("Open Interest") stood at 1.3 million on December 31, 2003, up 15% compared to December 31, 2002. Open Interest is a leading indicator of trading activity on the Montréal exchange. The value of this indicator has risen by more than 45% since the Montréal Exchange completed its conversion to a derivatives products exchange in late 2001.
Highlights (2003 vs 2002)
- Interest Rate Derivatives: Volume up 40 % - 9.3 million contracts traded;
- Index Derivatives: Volume up 15 % - 1.7 million contracts traded;
- Equity options: Volume up 2 % - 6.6 million contracts traded.
- February 25 - Record level of trading in a single day: 165,057 contracts;
- May 27 - New record level of trading in a single day: 217,757 contracts;
- June - Monthly volume record: 80,270 contracts traded daily on average;
- September - New monthly volume record: 83,966 contracts traded daily on average;
- September 10 - Record volume on the SXF: 50,969 contracts;
- December 10 - New record volume on the SXF: 55,573 contracts.
