Sydney Futures Exchange (SFE), part of the ASX Group, experienced record trading volumes in the 90 Day Bank Bill Futures and 3 Year Intra-Day Options contracts on 24 January 2007.
Record trading was stimulated by lower than expected December 2006 inflation data. This resulted in the market adjusting its expectations concerning future changes to the Official Cash Rate by the Reserve Bank of Australia.
Trading in the 90 Day Bank Bill Futures totalled 361,292 contracts, representing a notional value of $361 billion. This was an increase of 23.6% on the previous record daily volume of 292,197 contracts set on 6 April 2005.
Trading in the 3 Year Intra-Day Options contracts amounted to 22,492 trades, with a notional value of more than $2.2 billion. This represents an increase of 4.2% on the previous record daily volume of 21,586 contracts set on 25 October 2006.
The notional value of the total Exchange volume traded, for both the Australian and New Zealand products on 24 January, was over $512 billion.
