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Written by / Agency / Source: Seoul Options & Futures Exchange (SOFX)

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SOFX 2011 Annual Volumes Rise 110% to Record Over 90 Million Contracts - 90,044,138 contracts registered on SOFX in 257 trading days in 2011 - SOFX.org
SOFX 2011 Annual Volumes Rise 110% to Record Over 90 Million Contracts

 

NewswireToday - /newswire/ - Seoul, Korea (South), 2012/02/08 - 90,044,138 contracts registered on SOFX in 257 trading days in 2011 - SOFX.org.

   
 
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SOFX (Seoul Options and Futures Exchange) recorded a substantial growth of 110% from 2010 to reach 90,044, 138 contracts, the highest ever-annual volumes achieved by the Seoul Options and Futures Exchange since inception. The annual volumes represent a value of $ 2,850.13 billion.

As with last year, energy drove the majority of volume growth on the Seoul Options and Futures Exchange accounting for 88% of total contracts this year. Energy volumes in 2011 stood at an increase of 177% from last year. Euro futures retained its exceptional growth momentum over the last two years ending 2011 with a 563% growth from 2010. Precious metals accounted for the remaining 11% of the exchange’s total volumes. Silver futures emerged as the strongest performer of the year in the precious metals segment rising by 40% from 2010. Meanwhile, in December 2011, SOFX traded 6,414, 729 contracts worth $96.104 billion, an increase of 152% on 2010. As with the rest of the year, the energy segment led the volume growth, up by 239% from December 2010.

SOFX Vice chairman Kyong Jihn Eui said,“The Exchange’s performance in a year which saw increasing economic uncertainty is a testament to its ability to offer a unique platform to manage and mitigate currency and commodity price risk. As we embark on 2012, we aim to further develop our technology infrastructure as part of offering an even better trading environment for our members. We will also be looking to expand our product offering and diversify our business across other markets. The Exchange is also considering measures to further increase liquidity and volume in existing futures contracts. With volatility high in today's economic environment, we expect greater trading volumes across precious metals, energy and currencies on SOFX.”
SOFX recorded an average daily volume over 350,000 contracts in 2011, an increase of 107% against 2010.

SOFX (sofx.org) enjoys a strong presence in the East Asia options and futures market. We are a fully electronic exchange dedicated to the development of derivative markets worldwide. SOFX is an industry leader in the financial derivatives market, IT solutions as well as in clearing services.

 
 
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Written by / Agency / Source: Seoul Options & Futures Exchange (SOFX)

 
 

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SOFX 2011 Annual Volumes Rise 110% to Record Over 90 Million Contracts

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Publisher Contact: Ryan J Miller - SOFX.org 
+82 7078934962 ryan.miller[.]sofx.org
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Seoul Options & Futures Exchange (SOFX) securities in any jurisdiction including any other companies listed or named in this release.

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