Business
Trading Volumes for the Second Quarter and First Six Months of 2007
Trading Volumes for the Second Quarter and First Six Months of 2007.
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, July 6 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX : MXX)\nreported today that its trading volume reached a total of 11.1 million\ncontracts in the second quarter of 2007, an increase of 1.6% compared to the\nsame period of 2006.\n\n\nFor the first six months ended June 30th 2007, MX reported that total\ntrading activity increased 13% from the same period of the previous year to\nreach a total of 23.1 million contracts traded on the MX market.\n\n\nHIGHLIGHTS\n\n\nInterest Rate Derivatives\n\n\nTrading activity in the Three-Month Canadian Bankers' Acceptance Futures\ncontract (BAX) totalled 4.0 million contracts in the second quarter of 2007, a\n12.8% decrease from the same period of 2006. In the first six months of 2007,\nBAX trading volumes increased by 8.0% from the first half of the previous year\nto reach a total of 9.2 million contracts. Open interest for the BAX stood at\n443,212 contracts on June 30, 2007 compared to 463,773 contracts on the same\ndate of 2006.\n\n\nA total of 2.6 million Ten-Year Government of Canada Bond Futures\ncontracts (CGB) were traded in the second quarter of 2007, a 25.7% increase\nfrom the same period last year. Trading volumes for the CGB increased 40.6% in\nthe first half of 2007 to reach a total of 5.1 million contracts. Open\ninterest for the CGB stood at 318,589 contracts on June 30, 2007 compared to\n282,430 contracts on the same date of 2006.\n\n\nIndex Derivatives\n\n\nTrading activity in the SXF, the S&P Canada 60 Index Futures contract,\nincreased 11.8% in the second quarter of 2007 to reach 894,186 contracts. SXF\ntrading volume grew 26.2% in the first half of 2007 to total 1.8 million\ncontracts traded in the period. Open interest in the SXF was 196,628 contracts\non June 30, 2007, compared to 146,622 contracts on the same date of 2006.\n\n\nEquity Derivatives\n\n\nA total of 3.2 million equity options and ETF options were traded during\nthe second quarter of 2007, a 7.1% increase in volume compared to the second\nquarter of 2006. In the first six months of the year, trading volume reached\n6.1 million contracts, an increase of 2.9% from the same period of the\nprevious year. Open interest was 16.0 million contracts on June 30, 2007, an\n18.2% increase from June 30, 2006.\n\n\nDetailed statistical data on MX trading volumes will be available\n\n\nstarting M...