Record Monthly Volume For Sydney Futures Exchange 30 Day Interbank Cash Rate Futures

Sydney Futures Exchange experienced the largest monthly transaction volume on record in September for the SFE 30 Day Interbank Cash Rate Futures contract. The total monthly volume was 100,914 contracts, up 55% compared to the previous monthly record of 64,965 contracts set in August 2004.

During September there were three days when the trading volumes exceeded 12,000 contracts including the record day of 16,544 set on the 14th of September. Average daily volumes for September were more than 4,500.

“The improved volumes in September came on the back of increased spread trading activity,” said Maurice Farhart, Senior Manager, Interest Rate Products. “We’re seeing a broader range of user come into the contract, both domestically and off-shore, as traded volumes and open interest improve.”

“Particularly pleasing is the improved liquidity in the 3rd and 4th months providing more opportunities for these new customers,” he added.

The SFE 30 Day Interbank Cash Rate Futures contract was introduced in August 2003.