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- Release Date: 13/09/12 18:28
- Summary: DAIRY: NZX: NZX Dairy Futures surpass 30,000 lots traded
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NZX
13/09/2012 16:28
DAIRY
REL: 1628 HRS NZX Limited
DAIRY: NZX: NZX Dairy Futures surpass 30,000 lots traded
NZX Dairy Futures surpass 30,000 lots traded
13 September 2012 - NZX Dairy Futures have now traded over 30,000 lots since
the launch of WMP futures in October 2010.
All three NZX Dairy Futures continue to show excellent growth with 60% more
lots already traded in 2012 than for the full year 2011.
"NZX Dairy Futures continue to show real growth not only in lots traded but
also in the number of participants using the market. More and more volume is
coming from participants in Europe and South East Asia reflecting the truly
global nature of the contracts" said Kathryn Jaggard, Head of Derivatives,
NZX Limited.
After a traditionally quiet start to the year, March saw record volume traded
with August coming in as the second highest volume month at 3,419 lots
traded.
"The continuing growth is pleasing in terms of the development of dairy risk
management tools and continues to draw new participants to the market" said
NZX CEO, Tim Bennett.
NZX is also working to develop easy to use tools for farmers who want to
mitigate risk around the payout.
"As these contracts develop NZX wants to continue to enhance the current
offering, in particular for New Zealand farmers. We need to understand their
risk management needs and how they can be met easily and efficiently" said
Bennett.
ENDS
End CA:00227270 For:NZX Type:DAIRY Time:2012-09-13 16:28:40
