Energy Focus
Record Options Volume - September 2008
Fri 3 Oct 2008
The d-cypha SFE Electricity Options market has become one of the world’s largest electricity options markets. Options trading during Q3 2008 set numerous records including trading more during September than monthly physical electricity demand.
A single day trading record was set on 4 September 2008 of over 4.2 million MWh or 485 calendar contracts, exceeding the previous record of 275 contracts set on 1 September 2008.
Traded options volume for September 2008 equated to 20.8 million MWh with a face value of approximately $1.13 billion. Options volume represented 132% of the underlying National Electricity Market (NEM) physical electricity demand whereas futures represented 72%.
Options Open Interest has increased from 3,330 contracts (COB 30/06/08) to set a new record of 5,814 contracts with a face value of $2.7 billion (COB 30/09/08), covering 49.9 million MWh. Face value of options open interest has risen by 88% since the beginning of this Financial Year (01/07/08).
To view a chart of Underlying NEM System Demand v.s. d-cypha SFE Electricity Futures & Options volume please click here.
For further information including volatilty and volume charts please download a copy of the Options Record- Sept 08 PDF.
