22 OCT 2012
Recordbreaking GCF Repo Futures Results
GCF Repo® futures celebrated their 3 month anniversary of trading by shattering many records and achieving many new milestones!
New records were established on Friday, October 19th for:
Record single day for complex – 8,338
Record single day for UST – 8,000
Record week for complex – 26,501
Record week for UST – 25,390
Record weekly ADV for complex – 5,300
Record weekly ADV for UST – 5,078
OI – 46,904
235,000+ contracts have traded since launch with over 95% executed through the Electronic Central Order Trading book. Market quality is impressive – minimum price increments and strong depth are quoted out the 1st year for the US Treasury DTCC GCF Repo Index™ Future contracts.
New customers continue to enter the market- the last month has seen the entry of some of the major Financing desks, Asset Managers, Hedge Funds and Proprietary trading into the complex, with new firms planning to join in the coming weeks. GCF has gone from the resource ‘B’ list to the top of the ‘A’ list for those firms who are not yet connected to our market. The excitement is palatable and many firms continue to be impressed with market quality.
Three months strong and accelerating!