Derivatives trading has been volatile and volume has been high for a second week running, after the agreement of a euro zone debt rescue package last weekend and the formation of a new government in the UK.
But volume has fallen from the highs of last week and markets appear to be calming down.
After hitting a daily record of nearly 3m contracts last week, trading in Liffe’s Three Month Euro (Euribor) Futures remained high this week. A total of 2.3m contracts were exchanged on Monday, 1.1m on Tuesday and 1.3m on Wednesday. Open interest was highest in the June 2010 contract, at 883,000, followed by...