Mondo Visione Worldwide Financial Markets Intelligence

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Sydney Futures Exchange: Growth In Futures Trading

Date 28/11/2000

The number of contracts traded at the Sydney Futures Exchange (SFE) in 1999-2000 rose by 4.3% to 31.27 million futures and options contracts, according to the 2000 Australian Financial Markets Report (AFMR) published today. AFMR shows that futures turnover grew by 4.1% and options turnover by 7.1%. The total value of trading at SFE in 1999-2000 amounted to A$10,309 billion, a 1.3% increase on the previous year.

The growth was led by SFE’s most heavily traded product, 3-Year Treasury Bond futures, which rose 12.2% to 11.75 million contracts traded. Turnover of 3-Year Treasury Bond futures and options contracts represented 38% of SFE’s total volume last financial year, at a nominal value of A$1,201 billion. Among SFE’s other major contracts, trading in SPI® futures and options grew by 13.9%, to a value of A$425 billion.

According to AFMR, trading at SFE accounted for 27% of all financial market value in Australia last financial year, with futures trading alone being the second largest individual product contributor.

The 2000 Australian Financial Markets Report is published annually by the Australian Financial Markets Association (AFMA) and the Securities Industry Research Centre of Asia-Pacific (SIRCA). The report has been produced for 11 years and is the only definitive survey of its kind covering Australian financial markets. It sources statistics from SFE, the Australian Stock Exchange, the Reserve Bank of Australia, over-the-counter market participants and AXISS Australia, the new centre for global finance.