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Article: Derivatives and ETFs Based on Russell Indexes Set Volume Records in 2005; More than 60 million contracts traded on various exchanges.
- Article from:
- Business Wire
- Article date:
- January 18, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TACOMA, Wash. -- Derivatives contracts and exchange traded funds (ETFs) based on Russell indexes traded at record volumes in 2005, particularly those products offered by the Philadelphia Stock Exchange (PHLX) and the Chicago Mercantile Exchange (CME). In all, total volume in Russell-based derivatives products reached a record high as 60,269,828 contracts traded in 2005, increasing more than 120 percent from a volume of about 27 million in 2004.
In addition, 5.8 billion Russell ETFs were listed during the year on the American Stock Exchange (AMEX), increasing 144 percent from 2004. The iShare Russell 2000(R) ETF led the pack in terms of trading volume with ...