Business
Trading volume up 31% in March - 26% in the first quarter of 2007
Trading volume up 31% in March - 26% in the first quarter of 2007.
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, April 3 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX)\nreported today that its trading volume increased 31% in the month of March\n2007, compared to March 2006. Total trading volume in the first quarter of\n2007 was up 26% from the same period of 2006 with 12 million contracts being\ntraded on MX markets.\n\n\nHIGHLIGHTS (Q1 2007 vs. Q1 2006)\n\n\nInterest Rate Derivatives\n\n\nTrading activity in the Three-Month Canadian Bankers' Acceptance Futures\ncontract (BAX) registered an increase of 33% to reach 5.2 million contracts\ntraded in the quarter. Open interest in BAX reached a total of 442,693\ncontracts on March 31, 2007, an increase of 18% from March 31, 2006. A total\nof 2.5 million Ten-Year Government of Canada Bond Futures contracts (CGB) were\ntraded in the first quarter of 2007, a 60% increase from the same period last\nyear. Open interest increased 50% to reach 327,666 contracts at quarter end.\n\n\nIndex Derivatives\n\n\nTrading in the SXF, the S&P Canada 60 Index Futures contract, increased\n45% with a total of 900,000 contracts traded during the quarter. Open interest\nin the SXF reached 173,884 contracts on March 31, 2007, an increase of 38%\ncompared to the same date last year.\n\n\nEquity Derivatives\n\n\nA total of 3.1 million equity options and ETF options were traded during\nthe quarter, a 2.4% decrease in volume compared to the first quarter of 2006.\nOpen interest in this derivatives category was 1.5 million contracts on March\n31, 2007, a 10% increase from the same date in 2006.\n\n\nAbout Montreal Exchange Inc.\n\n\nThe Montreal Exchange (MX) is Canada's financial derivatives exchange.\nThe MX offers trading in Canadian interest rate, index and equity derivatives.\nClearing, settlement and risk management services are provided by an AA rated\nclearing-house, the Canadian Derivatives Clearing Corporation, fully owned by\nthe MX. Our integrated trading and clearing services are supported by a\nproprietary suite of exchange technologies, known as SOLA(R). The MX also has\ninterests in: the Boston Options Exchange (BOX), a U.S. automated equity\noptions market, for which MX is the technical operator; the Canadian Resources\nExchange (CAREX), a new corporation created with NYMEX that is dedicated to\ndeveloping the Canadian energy market; and the Montreal Climate Exchange\n(MCeX), ...