Record Trading Volume - May 2005

Thu 2 Jun 2005

Last month saw record trading volumes of the d-cypha SFE Electricity Futures & Options Contracts.

May 2005 Highlights

Total volume = 2,835 lots (approx 5.1 million MWh)
> Futures = 2,743
> Options = 85
> Caps = 7
Average daily volume = 129 lots
Open interest as at COB 31/05/05 = 10,862 lots

The new Cal Strip Options also traded for the first time during May. Options and Cap products are now regularly quoted across all 4 states.

The increase in trading activity and quotes over the last few months have led to significant improvements in liquidity and a rise in open interest.

d-cyphaTrade would like to thank all our clients for their continued feedback and support as we endeavour to deliver new initiatives to support the financial energy market.

Kind regards,

The d-cyphaTrade team