Derivatives trading and clearing at Liffe in April was 8.3% below the same month last year, but on an average daily basis, the exchange actually recorded an increase of 1%.
However they are measured, the exchange’s fortunes are continuing the recovery that was already apparent in March. The global financial crisis has made a big dent in interest rate trading, Liffe’s traditional forte.
Volume totalled 89.63m contracts in the month, down from 97.7m last April. A decline of 17.1m contracts in the interest rate sector...