Interest Rate futures
and options combined reached 25,088,750 contracts surpassing the previous record of 19,417,635 set on May 29, 2013.
Short term interest rate futures
(STIR futures) are one of the largest financial markets in the world.
UK gilts and interest rate futures
dipped after the stronger than expected data, while sterling strengthened to 69.
Gilts and interest rate futures
lost ground as hopes of a lower official rate faded.
Sterling and shares showed a muted reaction to the data, but the interest rate futures
market - where traders place bets on the direction of rates - surged across the board on the belief rates will stay on hold until next spring, and may even fall.
Yesterday, interest rate futures
in the City's money markets rose on the expectation that interest rates may fall despite a surprise fall in unemployment and a strong performance by the stock market.
6 percent of interest rate futures
and options trades.
In the 2014 financial year, notional turnover in the Australian dollar interest rate futures
market was $42 trillion, ranking it the largest in Asia and among the top five globally.
Interest rate futures
, which had been pointing to a likely rate hike in June of next year, rose to suggest less of a chance.
According to interest rate futures
, however, con-dence in that view is falling, whereby the rise may occur in 2015 instead.
While the corrupt politicians, a declining auto industry, social unrest, and a fleeing population all played a role, matters worsened crucially in 2009 when the city began trading interest rate futures
The dealing room also offers students a working virtual platform to explore all of the intricacies of trading, such as foreign exchange, derivatives, interest rate futures
, fixed income instruments and equities.