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Montréal Exchange Inc. (MX) (TSX : MXX) reported yesterday that its trading volume reached a total of 10 million contracts for the third quarter of 2007, an increase of 1.7% compared to the same period of 2006.
For the first nine months ended September 30, 2007, MX reported that total trading activity increased 9.3% from the same period of the previous year to reach a total of 33.1 million contracts traded on the MX market.
HIGHLIGHTS
Interest Rate Derivatives
Trading activity in the Three-Month Canadian Bankers' Acceptance Futures contract (BAX) totalled 3.3 million contracts for the third quarter of 2007, a 24.3% decrease compared to the same period of 2006. For the first nine months of 2007, BAX trading volumes decreased by 2.9% compared to the same period of the previous year to reach a total of 12.5 million contracts. Open interest for the BAX stood at 288,431 contracts on September 30, 2007 compared to 437,793 contracts on the same date of 2006.
A total of 2.2 million Ten-Year Government of Canada Bond Futures contracts (CGB) were traded in the third quarter of 2007, a 15.6% increase from the same period last year. Trading volumes for the CGB increased 32% in the nine month period of 2007 to reach a total of 7.3 million contracts. Open interest for the CGB stood at 244,251 contracts on September 30, 2007 compared to 274,155 contracts on the same date of 2006.
Index Derivatives
Trading activity in the SXF, the S&P Canada 60 Index Futures contract, increased 33.3% for the third quarter of 2007 to reach 1,046,172 contracts. SXF trading volume grew 28.7% in the nine month period of 2007 to total 2.8 million contracts. Open interest in the SXF was 162,823 contracts on September 30, 2007, compared to 158,080 contracts on the same date of 2006.
Equity Derivatives
A total of 3.2 million equity options and ETF options were traded during the third quarter of 2007, a 26.1% increase in volume compared to the third quarter of 2006. For the first nine months of the year, trading volume reached 9.8 million contracts, an increase of 8.6% from the same period of the previous year. Open interest was 1.67 million contracts on September 30, 2007, an 11.1% increase from September 30, 2006.
Detailed statistical data on MX trading volumes will be available as of October 9, 2007 on the web site of the Exchange at the following address: http://www.m-x.ca/nego_donnees_mensuels_en.php .
