Fears of market contagion surrounding Greece’s sovereign debt crisis have driven interest rate hedging to record volumes at Liffe, Paul MacGregor, the bourse’s head of fixed income products, said today.
Just under 3m Euribor Futures were traded yesterday, beating the record of 2.56m set last week. “Futures on options have been very liquid too,” MacGregor confirmed. “Yesterday we saw 2.2m interest rate options trades. It’s very, very liquid. We’re seeing a lot of...