Derivatives
In May 2010 the trading volume in derivatives was 1.66 million units and was up by almost 57% compared to trading volume in May 2009 (and only by 1.5 thousand down compared to record high level in March 2010). In January-May 2010 the trading volume in derivatives reached almost 6.9 million instruments, up by 32% year-on-year. The number of open interest in all derivative instruments was ca. 204,000 – it was the highest ever number of open interest at month end (up by more than 71% compared to the end of April 2009).
Trading volume in the last 12 months (June 2009 – May 2010) was 15.5 million instruments and was up by 11.9% compared to 2009 trading volume.
In May 2010 the trading volume in WIG20 future contracts was 1.54 million contracts. The number of open interest in WIG20 futures was 107 thousand contracts at the end of May (up by 40% compared to May 2009).May this year was another month of high interest shown by investors in WIG20 options. Monthly trading volume totalled 70 thousand options. Since the beginning of 2010 the trading volume at the WSE reached 292.2 thousand options. It is almost 70% of the trading volume of options in 2009. The number of open interest in WIG20 options category was record high and reached 71.2 thousand options at the end of May (up by 237% compared to May 2009).
More statistics can be found in Table 1 and in Figures 1 & 2.
Structured products
At PLN 77.16 million, structured products trading value was more than three times bigger in May than in April 2010. Bonds trading contributed PLN 1.66 million and certificates PLN 75.5 million. Trading volume was ca. 563,000 units.
At the end of May this year there were 131 structured products listed on the Warsaw Stock Exchange, including 18 bonds and 113 structured certificates.
Table 1
Volume of trading (including block trades):- in May 2010
- in January – May 2010
- in the last 12 months (June 2009 – May 2010)
Number of open interest at the end of May 2010.
Special attention should be paid to statistics of WIG20 options.
|
# |
INSTRUMENT |
|
NO.
OF OPEN INTEREST |
||||||||||
|
TRADING
VOLUME |
(pcs.) |
||||||||||||
|
(pcs.) |
|
||||||||||||
|
MAY |
JANUARY-MAY |
LAST
12 MONTHS |
2009 |
CHANGE
|
end
of MAY |
||||||||
|
2010 |
2009 |
CHANGE
|
2010 |
2009 |
CHANGE
|
(VI'09
- V'10) |
(%) |
2010 |
2009 |
CHANGE
|
|||
|
(%) |
(%) |
|
(%) |
||||||||||
|
1 |
WIG20 CONTRACTS |
1 535 586 |
974
056 |
57.65% |
6
349 441 |
4
730 990 |
34.21% |
14
384 866 |
12
766 415 |
12.68% |
106
774 |
75
949 |
40.59% |
|
2 |
mWIG40 CONTRACTS |
3 371 |
2
261 |
49.09% |
16
917 |
11
540 |
46.59% |
35
559 |
30
182 |
17.82% |
991 |
635 |
56.06% |
|
3 |
STOCK CONTRACTS |
32 754 |
41
302 |
-20.70% |
142
193 |
218
774 |
-35.00% |
389
176 |
465
757 |
-16.44% |
8
764 |
6
712 |
30.57% |
|
4 |
CURRENCY CONTRACTS |
17 107 |
13
123 |
30.36% |
51
529 |
98
018 |
-47.43% |
115
750 |
162
239 |
-28.65% |
2
643 |
2
662 |
-0.71% |
|
5 |
WIG20 OPTIONS |
66 950 |
27
487 |
143.57% |
292
244 |
140
540 |
107.94% |
573
352 |
421
648 |
35.98% |
71
163 |
21
087 |
237.47% |
|
6 |
WIG20 PARTICIPATION UNITS |
4 298 |
2
047 |
109.97% |
18
727 |
18
702 |
0.13% |
42
186 |
42
161 |
0.06% |
13
594 |
11
892 |
14.31% |
|
|
TOTAL |
1
660 066 |
1
060 276 |
56.57% |
6
871 051 |
5
218 564 |
31.67% |
15
540 889 |
13
888 402 |
11.90% |
203
929 |
118
937 |
71.46% |
Source: WSE data
Figure 1
Annual trading volume (session and block trades) from 1998 to May 2010 in all derivatives listed on the WSE (million instruments).
 |
Source: WSE data
Figure No. 2
The number of open interest at year-end and the end of May 2010 in all derivative contracts (thousand instruments).
 |
Source: WSE data
Figure No. 3
Number of structured products listed on the WSE (Dec 2006 – May 2010)
 |
Source: WSE data
