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BM&F closed this year’s first semester with a global volume increase of 66.37% in comparison to the same period in 2006. From January to June 2007, 220.37 million contracts were traded against 132.46 million during the first six months of 2006. During the last six weeks, the Exchange averaged approximately two million contracts per day.
Credit derivatives
After launching a new ethanol contract and in preparation to host the first carbon credit (certified emissions reduction) auction, in partnership with the government of the city of São Paulo, BM&F has concluded studies in order to develop new markets.
Among these new markets are OTC credit derivatives, credit default swap – for Brazil’s and other Latin American’s sovereign debt, and the highly sophisticated volatility and correlation swaps.
Volumes
Only in June, the total traded volume was 42.67 million contracts – more than double that registered in June 2006 (19.66 million). In June, the markets with the best performance were interest rates, dollar, and Bovespa index futures. With 24.7 million contracts, interest rate futures ended the month with more than double the volume registered in June 2006 (11.08 million). In comparison to the month of May, there was an increase of 9.08%, with 22.64 million contracts.
Dollar futures, which had traded 4.18 million contracts during June 2006, reached 8.01 million contracts in June 2007. Last May, dollar contracts totaled 7.90 million contracts. Ibovespa futures grew 74.13% in June (2.61 million contracts) in relation to the same period in 2006 (1.5 million). In comparison to May, the increase was 23.37%.
On June 29th, the last trading day of the month, the Exchange registered an open interest of 17.02 million, a 39.35% jump in relation to the same day in June of 2006.
