sfe-introduction - Sydney Futures Exchange The Australian...

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In 2007, SFE traded over 92 million contracts or almost 350,000 futures and options each day, and offshore volumes doubled through SFE’s hubs in Asia, Europe and US during the same time. With over 83 million interest rate contracts traded in 2007, SFE ranks in the top seven Interest Rate derivatives exchanges. Access 24 Hour Electronic Trading. SFE’s electronic trading system SYCOM®, enables market users to both trade and manage their exposure against global market developments around the clock. Global Electronic Network. SFE has a network of communication hubs in Chicago, London, Hong Kong and Singapore. As part of SFE’s global access strategy, a direct communications hub in Singapore has now been established. Direct Market Access (DMA) is available to customers of SFE’s Full Participants. Customer Algorithmic Trading devices can be located in Australia (subject to SFE approvals) Proximity Hosting. This facility enables Participants and their ‘Sponsored’ customers to place their infrastructure and automated trading systems in a central facility located close to the trading platform of an exchange - in this case the matching engines of both the Australian Stock Exchange and the Sydney Futures Exchange located on Bridge Street in Sydney, Australia. Growth Total exchange growth up 46% from 2005 to 2007. Record volumes in 2007. SFE experienced the largest monthly transacted volume in its history in March 07 with 11.33 million contracts traded, an increase of almost 30% on the comparable period in 2006. Regulation Global regulatory approvals (including CFTC and FSA) are in place for all of SFE’s major products. Products and services Benchmark contracts include: AVERAGE DAILY GROWTH VOLUME 2007 05–07 SFE SPI 200 ® Index Future 32,014 50% 90 Day Australian Bank Accepted Bill Future 87,821 40% 3 Year Australian Treasury Bond Future 128,645 30% 10 Year Australian Treasury Bond Future 74,686 74% Total Exchange 336,421 46% The Australian Securities Exchange (ASX) operates Australia’s major financial markets for equities and derivatives, providing listing, trading, risk management, clearing, settlement, depository and market data services for domestic and global customers. The group includes the combined operations of the Australian Stock Exchange and Sydney Futures Exchange which merged to create one of the world’s top-10 listed exchanges. Sydney Futures Exchange
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This note was uploaded on 08/30/2009 for the course FINM 3405 taught by Professor Philipgray during the Three '09 term at Queensland.

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sfe-introduction - Sydney Futures Exchange The Australian...

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