The trading volume on the Bahrain Financial Exchange (BFX) markets increased at a compounded monthly growth rate of 69 per cent per month with the cumulative (single-side) trading turnover crossing the $50 billion mark on 1 of February 2013.
BFX total cumulative trading turnover crossed the $50 billion mark on 1 February 2013, with the total trading volume increasing to over 4 million contracts. The compounded monthly growth rate of the BFX trading volume for the period between December 2011 and January 2013 was 69 per cent per month, indicating the rapid growth in the BFX derivatives segment primarily due to the increase in the BFX membership and overall market participation.
For the period between the launch date on the 23rd of November 2011 and the 8th of February 2013, the total cumulative trading volume has increased to 4,371,064 contracts, with a cumulative trading turnover of approx. $52.85 billion. The highest daily trading volume of 118,495 contracts was recorded on the 17th of January 2013. The trading volume on the BFX markets reached 1 million contracts in 258 trading days; whereas, the 4 million contracts mark was achieved in only 51 trading days. Similarly, the trading turnover on the BFX markets reached $25 billion in 246 trading days, as compared to the next $25 billion mark, which was achieved in 63 trading days.
Read more: http://www.ameinfo.com/bfx-cumulative-trading-turnover-crosses-50bn-329973
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