The record volumes were driven by a combination of increased volatility of the cash market and the quarterly ‘roll’ process in the futures that saw open positions transferred from the September 05 contract to the December 05 contract.
Peter Hiom, Executive General Manager, Exchange Business Development said, “The increasing trend of cash equitisation by domestic fund managers combined with greater off-shore usage of SPI futures contracts by hedge funds and proprietary trading desks has added considerable momentum to the growth in the SPI.”
Total volumes in the SFE SPI 200™ Index Future are up 22% from the comparable period last year.
