March 2006 - Record Volume
Tue 4 Apr 2006
Futures and Options volume reaches 48% of NEM system demand.
March 2006 was a milestone month for the d-cypha SFE Futures and Options products. We had a record volume month and the highest percentage of system demand ever - 48% for March.
Futures and Options volume for Q1 2006 equated to approximately 37% of underlying NEM system demand (NSW, VIC, QLD and SA). This represents the largest percentage of volume transacted through the open and transparent exchange since the contracts began.
March set a new record monthly volume of 3,970 contracts, exceeding the previous record (Feb 06) by 276 contracts. The March average daily volume was 173 contracts.
Open Interest also built a record 1,670 contracts over the month. Open interest as at the end of March was a record 18,633 contracts. This equated to aproximately 33.5 million MWh.