Volume is still growing well at NYSE Liffe, though it had a quieter July than June. But there have been some pronounced shifts in the popularity of certain products.
The exchange group, which reports trading figures for its Paris, Amsterdam, Lisbon and Brussels markets as well as Liffe in London, had 87.1m contracts traded in July, or 3.96m a day.
That was 16% below June’s haul of 4.73m a day, but 11% above the rate for July 2009. For the year so far, NYSE Liffe’s European derivative markets are up 30%, showing that the rate of improvement over last year slowed in July.
This is partly because some products’ volumes have weakened, even collapsed in recent weeks.
Single stock derivatives’ average daily volume (ADV) is down 4% since July 2009. More noticeable is the decline in Bclear, the exchange’s clearing system for...