Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


SFE Trading Volume Up 5.1% In 2000

18 January 2001

Trading volume at the Sydney Futures Exchange (SFE) rose 5.1% in the calendar year 2000 to 31,299,021 futures and options contracts – the second highest annual volume in SFE’s 40-year history.

The nominal value of total contracts traded last year amounted to A$10.25 trillion, a rise of 5.5% on 1999, with an average of 123,712 futures and options contracts traded each day.

SFE’s two most heavily traded products, 3-Year Bonds and 90-Day Bank Bills, led the growth in volume. 3-Year Bond futures rose 15% to 12,372,147 contracts traded, a record annual volume, and 90-Day Bank Bill futures grew by 7% with 7,700,381 contracts traded.

Trading in 3-Year Bond Overnight Options also reached a record level with 477,192 contracts being exchanged, 119% up on 1999.

The combined trading volumes of SPI® and SPI200 futures amounted to 3,824,860 contracts, marginally down on 1999. However the nominal value of total SPI® and SPI200 trading rose 8% in 2000 to A$306.7 billion.

SFE’s wholly owned subsidiary, the New Zealand Futures and Options Exchange (NZFOE), also experienced trading growth last year. A total of 882,798 futures and options were traded, up 2.4% on 1999, at a daily average of 3,517 contracts. All trades are conducted electronically via SFE’s SYCOM® system and cleared by SFE’s clearing house. NZFOE has been a subsidiary of SFE since 1992.

Last year was SFE’s first complete year of operation as a fully electronic exchange. 2000 was also the year in which SFE demutualised, listed its shares on the Austock-conducted exempt market and merged its clearing house with Austraclear.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>