Record Daily Volume For SFE SPI 200™ Futures

On March 15, 2005, Sydney Futures Exchange experienced record trading volume for its SFE SPI 200™ Futures contract. 148,601 contracts, with a notional value of A$15.8 billion, were traded. This exceeded the previous record of 140, 055 contracts (with a notional value of A$12.7 billion) set on 14 September, 2004.

The record volumes were principally driven by roll activity as the contract approached expiry. The daily record also occurred on the back of a 37% increase in February year-on-year SFE SPI 200™ Futures volumes and a 72% increase in SFE SPI 200™ Options volumes over the same period.

Peter Hiom, General Manager, Exchange Business Development said “The recent record SFE SPI 200™ Futures volumes and the strong growth in year-on-year volume reinforces that it is the pre-eminent derivative contract for the Australian equity market”.