Derivatives trading on Hungary’s Budapest Stock Exchange collapsed in November as the economic crisis scared traders away from the markets.
The volume of contracts traded fell to 883,802, around a 58% drop from 2.1m in November 2007, the exchange’s record month. More frightening still, the volume was 49.4% down from the 1.75m contracts traded in October.
Activity in November was only slightly busier than in the holiday month of August, when around 794,000 contracts were traded.
András Szántó, head of the derivatives department at Equilor Investment, a founding member of...