Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that daily volume records were reached in Liffe Long Gilt futures and Ultra Long Gilt futures with 1,042,074 contracts and 5,118 contracts traded respectively on August 26, 2014.
The prior daily volume record of 905,515 Long Gilt futures contracts was set on May 27, 2014; and Ultra Long Gilt futures reached a previous daily volume record on May 28, 2014 with 4,702 contracts traded.
The 10 year Long Gilt futures contract, which was established in 1982, has seen consistent annual growth, with an average daily volume in 2014 year to date of 166,744 contracts. Open interest currently stands at 483,329 contracts as of August 26, 2014.
To support the trading community’s exposure to longer dated UK debt, Liffe launched the 30 year Ultra Long Gilt futures contract in March 2014. Open interest currently stands at 5,489 contracts as of August 26, 2014.
Liffe offers the most liquid and capital efficient platform for trading and clearing UK Gilt and European government bond futures contracts, with trading, risk management and margin offsets available across the sovereign curves.