ASX Reports Solid YoY Uptick in Futures Trading in June

The exchange reported weaker volumes for equity options during the month.

The Australian Securities Exchange (ASX) has published its monthly activity report on a group level for June of 2019 this Thursday, revealing a solid uptick in futures trading during the month.

During the month, the total futures and options on futures volume were more than 20.8 million contracts. When measuring this against the same month of the previous year, June 2018, which reported a total volume of around 18.1 million contracts, last month’s figure is higher by 15 percent.

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For the same segment, the average daily contracts traded in June was 1.04 million. This represents an uptick of 21 percent year-on-year, up from the 861,752 average daily contracts traded in June 2018.

Breaking it down, the total futures volume on ASX for June was more than 20.7 million contracts. When weighing this against the same period of the previous year, this is higher by 15 percent.

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Options on futures volume was 95,523 contracts during last month, which translates to an average daily volume of 4,776. This is higher, but only slightly than the 92,047 contracts traded in June 2018 by four percent.

Equity options volume falls in June on ASX

Taking a look at equity options, the picture isn’t as bright. Specifically, in June 2019, the total volume for single stock options was 6.59 million contracts, which is one percent lower on a year-on-year comparison.

This fall comes despite the fact that the average daily contracts for single stock options traded on ASX actually managed to increase year-on-year, rising by four percent from 334,049 contracts in June 2018 to 346,633 contracts last month.

The drop for index options volume is more pronounced, as ASX reported a total of 837,641 contracts traded during the month. This is 30 percent lower than the 1.2 million contracts traded in June 2018.

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