Despite lacklustre volume reports, single stock futures exchanges say they are making progress as they near the six-month mark.
Executives from both Nasdaq Liffe Markets (NQLX) and OneChicago said there are reasons to be optimistic in the coming months despite a volume pinch over the past two months as traders sat on the sidelines before and during the Iraq war.
OneChicago posted an average daily volume of 3,787 in March down 16% from February. On 29 April, the exchange posted a stronger day with 8,560 contracts. Meanwhile, NQLX posted average daily volume of just 2,642 contracts in March. April was no better, with several days hovering at or below just 1,000 contracts traded....