Most of the world's largest futures and options exchanges
had a robust start to 2005, with Chicago Board of Trade (CBoT),
Eurex and Chicago Mercantile Exchange (CME) reporting strong
quarters. But the first three months of the year were not as
healthy for Euronext Liffe, which traded 203m contracts, a 13%
decrease on 2004.
Liffe attributed its downturn to a "sustained lack of
volatility in the short term interest rate and equity markets
and the very strong first quarter of last year." On a positive
note for the European exchange, average daily volume is so far
up 5% to 3m contracts.
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