ASX Limited (ASX) announces its monthly trading information for ASX and SFE-traded markets for April 2007.
A number of daily turnover records were observed in the cash and futures markets during the month. These were influenced by an easing in market perception about an increase in the official cash rate following weaker than expected Consumer Price Index data.
On ASX-traded markets, a new record for average daily cash market trades for a month was set of 240,161 transactions per day throughout April, with a daily average value of $6.1 billion. This is an increase of 8.9% on the previous highest average daily cash market trades for a month set in February 2007.
On SFE-traded markets, a new daily volume record was set for 30 Day Interbank Cash Rate Futures of 59,447 contracts, with a notional value of $178.3 billion, on 24 April. This is a 31.8% increase on the previous daily volume record set earlier in the month on 4 April.
A new daily volume record was set for 90 Day Bank Bill Options of 54,650 contracts, with a notional value of $54.7 billion, on 19 April. This is a 106.3% rise on the previous daily volume record set on 10 June 1998.
Record daily volume levels were also experienced in SFE-traded electricity contracts, due largely to sharp rises in underlying electricity prices:- 1,030 D-Cypha Base Load Electricity Futures contracts, with a notional value of $108.2 million, were traded on 4 April, an increase of 60.9% on the previous daily volume record set on 19 April 2005.
- 150 D-Cypha Base Load Electricity Strip Options contracts, with a notional value of $69.2 million, were traded on 11 April, an increase of 50% on the previous daily volume record set on 5 June 2006.
ASX’s trading systems - CLICK XT for ASX-traded volumes and SYCOM for SFE-traded volumes – facilitated the record levels and delivered 100% system availability to market participants throughout April.
The activity statement for ASX and SFE-traded markets for April 2007 is attached.
