Optimism may be too strong a word, but derivatives specialists will likely draw some comfort from March trading numbers at Liffe, where average daily volume was only 11% below March 2008 – suggesting that the slump in activity may be easing.
The total number of European derivatives processed on the NYSE Euronext Liffe exchanges in March was 89.77m, actually 2.8% above the total in the same month a year ago. However, there were three more trading days this March, so average daily volume fell from 4.6m to 4.1m contracts....