Paris - 16 June 2015 – Euronext today announced that seven months after the launch of its Rapeseed Meal futures contract in November 2014, it reached key milestones in its growth on Monday June 15 2015:
- Open Interest has reached the 1,086 lot mark across the first three physically-deliverable maturities (September 2015 / December 2015 and March 2016).
- On Monday June 15 2015, the rapeseed meal futures contract established a new ADV record with 958 lots traded, representing an equivalent of almost 30,000 metric tons.
- The June month-to-date ADV reaching 144 lots has now passed a critical liquidity threshold.
Xavier Durand-Viel, President of the French Federation of Commodity Brokers (FFSCM) said, “The whole rapeseed meal industry can now benefit from using a carefully crafted suite of paper contracts to execute its price risk management. As such, we are starting to see physical contracts on the new crop being actively priced against the Euronext rapeseed meal futures benchmark price.”
Lee Hodgkinson, Head of Markets and Global Sales at Euronext, added, “We are very pleased to see continued traction in our commodities franchise, as we further deliver on our core objective of serving the real economy. The successful expansion of our oilseed complex after such a short time demonstrates we are accurately meeting the hedging needs of the agricultural industry. We will be delivering more product and service innovation in the months ahead.”