NZX
26/09/2014 08:30
GENERAL
REL: 0830 HRS NZX Limited
GENERAL: NZX: NZX celebrates win at Futures & Options World
NZX's Dairy Futures Market won Best New Agricultural Contract at the Futures
& Options World (FOW) Awards for Asia, announced at a dinner in Singapore
last night.
The FOW Awards celebrate the pioneers of derivatives trading in Asia-Pacific
and the Middle East across brokerages, exchanges and technology providers.
NZX Head of Derivatives Kathryn Jaggard commented: "This is an exciting
development for the Dairy Futures team and follows the substantial traction
we have been getting in trading in the market, particularly from Europe, the
US and Asia."
"The award cements the work we are doing to help grow market participation
and confidence and is recognition of those in the dairy industry who continue
to support the growth in this market."
NZX's Dairy Derivatives demonstrated impressive growth in the first half of
2014, with volume traded up 311% compared to the same period last year.
Strong volumes continued in July and August 2014 with new records set for
volume traded in a single month, volumes rose 140% and 81% respectively on
2013.
Growth was underpinned by an extension of trading hours in August 2013, and
the US regulatory agency the Commodity Futures Trading Commission (CFTC)
approving direct access of US traders into the New Zealand derivatives market
earlier this year.
For further information please contact:
Kate McLaughlin
Corporate Communications
M: +64 27 533 4529
E: [email protected]
End CA:00255723 For:NZX Type:GENERAL Time:2014-09-26 08:30:11
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