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Table 2 - Derivatives Trading Volume, 1996-2011 |
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| Year |
Daily |
Total Trading Volume |
Maximum |
| Trading |
In Underlying Asset |
No. of Open |
| Volume |
Value Terms |
Interest |
| (No. of |
US $ |
Derivatives |
Contracts |
| contracts) |
Millions |
Liquidity |
(Thousands) |
| |
|
Ratio(1) |
|
| TA-25 Options |
| 1996 |
23,537 |
37,626 |
476% |
322 |
| 1997 |
23,930 |
44,008 |
340% |
329 |
| 1998 |
30,956 |
62,058 |
326% |
345 |
| 1999 |
44,815 |
104,242 |
422% |
505 |
| 2000 |
108,785 |
343,991 |
837% |
659 |
| 2001 |
110,248 |
270,823 |
989% |
570 |
| 2002 |
118,015 |
242,159 |
1,050% |
605 |
| 2003 |
119,808 |
265,498 |
791% |
619 |
| 2004 |
152,542 |
448,511 |
858% |
826 |
| 2005 |
257,592 |
978,482 |
1,126% |
1,055 |
| 2006 |
304,513 |
1,428,602 |
1,177% |
1,080 |
| 2007 |
384,795 |
2,510,862 |
1,341% |
1,317 |
| 2008 |
332,071 |
2,221,791 |
916% |
1,028 |
| 2009 |
251,507 |
1,405,368 |
779% |
660 |
| 2010 |
289,240 |
2,232,349 |
1,056% |
746 |
| 2011 |
357,251 |
2,895 |
1,452% |
1,125 |
| Dollar Options |
| 1996 |
2,299 |
5,680 |
- |
168 |
| 1997 |
2,123 |
5,090 |
- |
159 |
| 1998 |
6,458 |
15,900 |
- |
238 |
| 1999 |
9,124 |
22,540 |
- |
345 |
| 2000 |
12,793 |
31,446 |
- |
331 |
| 2001 |
24,914 |
60,592 |
- |
532 |
| 2002 |
46,357 |
115,503 |
- |
746 |
| 2003 |
34,055 |
83,464 |
- |
499 |
| 2004 |
24,165 |
58,456 |
- |
408 |
| 2005 |
27,120 |
66,532 |
- |
413 |
| 2006 |
29,615 |
73,465 |
- |
500 |
| 2007 |
38,785 |
95,064 |
- |
547 |
| 2008 |
43,495 |
106,407 |
- |
521 |
| 2009 |
32,530 |
80,374 |
- |
407 |
| 2010 |
32,852 |
79,276 |
- |
463 |
| 2011 |
43,055 |
104,168 |
- |
547 |
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| (1) The ratio between the trading volume of the TA-25 options, in underlying asset terms, (delta-weighted, taking into account the probability that the options will be exercised) and the total turnover of the TA-25 shares. |
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(1) The ratio between the trading volume of the TA-25 options, in underlying asset terms, (delta-weighted, taking into account the probability that the options will be exercised) and the total turnover of the TA-25 shares. |
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