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- Release Date: 02/08/13 16:39
- Summary: DAIRY: NZX: NZX Dairy Futures Record Trading Day
- Price Sensitive: No
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NZX
02/08/2013 14:39
DAIRY
REL: 1439 HRS NZX Limited
DAIRY: NZX: NZX Dairy Futures Record Trading Day
After experiencing the biggest trading month in July 2013 since its launch,
NZX Dairy Futures has continued to break volume records, registering its
largest trading day on 2 August 2013, exceeding the previous daily high
recorded in March 2012.
Total volume traded by NZX Dairy Futures since launch now exceeds 50,000
lots.
Kathryn Jaggard, NZX Head of Derivatives, commented: "Once again participants
are showing their confidence in the market, trading larger volumes across all
products and in further out contract months. Whole Milk Powder Futures are
currently quoted out to April 14 and all products are showing good depth and
liquidity."
"The NZX products are doing remarkably well in their growth lifecycle with
open interest now sitting at around 9,000 lots, and volumes now on target to
exceed 2012 trading levels."
Robert Chesler, Vice President Food Division, of NZX Clearing Participant
INTL FCStone commented: "All markets take differing amounts of time and
outside factors to develop. NZX Dairy Futures has cemented itself in the
marketplace and has now hit a stride of strong growth, amid increased price
volatility which isn't going away, and requires proper management with
products such as NZX are offering."
NZX Dairy Futures are attracting more participants from Europe, the US and
Asia, as stakeholders in the dairy supply chain look to viable risk
management tools to mitigate volatility.
For more information please contact:
Kate McLaughlin
Head of Corporate Communications
M: 027 533 4529
E: [email protected]
Kathryn Jaggard
Head of Derivatives
T: 09 368 1242
E: [email protected]
End CA:00239257 For:NZX Type:DAIRY Time:2013-08-02 14:39:46
