Of the increase in volume from August, NQLX. CEO Tom Ascher, said, "We are pleased, but far from satisfied, with the growth in our market. We are pleased to offer NQLX customers and members the combination of the LIFFE CONNECT. central order book along with an overlay of competitive market makers. While still in the early running, we think our market structure is contributing to increased price competition that has ultimately led to the increased volume on NQLX."
The top five security futures contracts by volume in September were:
Tickers | Stocks | Number of Contracts |
IWM | iShares Russell 2000 | 17,920 |
SBC | SBC Communications Inc. | 7,921 |
CSCO | Cisco Systems, Inc. | 6,785 |
CMVT | Comverse Technology, Inc. | 6,382 |
VZ | Verizon Communications Inc. | 5,313 |
Each contract represents 100 shares of the underlying stock. NQLX has a total of 94 security futures products, including futures on the NASDAQ -100 Index Tracking StockSM (QQQSM) and a suite of Russell iSharesSM. NQLX also has three cash-settled futures on a suite of Russell 1000 ® products.
- Open interest was at 47,724 contracts on September 30, 2003.
- The most active day of the month was September 16 when 32,748 contracts traded.