IMAREX NOS trading statistics – January hits $633 million
[First published: Tuesday 06 February 2007 11:32:08 am]
January 2007 highlights:
- Busy month sees 1 146 transactions with US$633 million traded
- Notional value of all contracts transacted up 21% compared to January 2006
- Good start for tanker futures with 894 trades worth US$246 million
- Dry bulk activity up with 156 trades worth US$183 million
- Fuel oil volumes flat with 640 000 tons traded
- Freight Options volumes steady – 2 043 lots traded during January
Trading statistics summary - January 2007:
|
January 2007 |
# trades |
# lots |
Nom. Value |
Avg. Lots / trade |
Avg. Value / trade |
|
Dry |
156 |
6 172 |
$183 mill |
40 |
$1 173 000 |
|
Fuel Oil |
60 |
640 |
$157 mill |
11 |
$2 616 000 |
|
Tank |
894 |
15 480 |
$246 mill |
17 |
$275 168 |
|
Options |
36 |
2043 |
$47 mill |
57 |
$1 305 555 |
|
Total |
1 146 |
24 335 |
$633 mill |
-- |
-- |
Activity split – January 2007:
|
January 2007 |
trades as % of total |
lots as % of total |
Nom. Value as % of total |
|
Dry |
13.6% |
25.4% |
28.9% |
|
Bunk |
5.2% |
2.6% |
24.8% |
|
Tank |
78.0% |
63.6% |
38.9% |
|
Options |
3.1% |
8.4% |
7.4% |
CEO's view point: “The year 2007 has started well with over half a billion US dollars traded on our exchange in the first 30 days. This is the best trading volume for January that we have had to date.” says IMAREX NOS’ Chief Executive, Tom Even Mortensen.
Tanker derivatives:
A total of 894 trades (516 trades in December) were concluded by members and OTC clients, up 10% on the 809 trades concluded in the same period last year.
A total of 15 480 lots in tanker futures (15.5 million tons compared to 8.8 million tons in December) were traded via IMAREX, down 9 % compared to the 17 005 lots traded in the same period last year. The notional value of tanker transactions at IMAREX was USD246 million (USD134 million in December), down 17 % from USD297 million in the same period last year.
Dry bulk derivatives:
Combined dry bulk volumes cleared at NOS and traded at IMAREX was 6 172 lots (where 1 lot is 1 day of time charter or 1000 metric tons of freight), down 34% from the 9 292 lots traded in January 2006. The notional value of contracts traded was USD183 million up 40% on the same period last year.
A total of 156 dry bulk derivatives transactions in January compares to 34 inDecember of 2006 and 151 transactions in the same period last year.
Bunker fuel oil derivatives:
The total number of fuel oil derivative transactions in January was 60 (47 in December). Volumes remained steady at 640 000 tons (760 000 tons in December) and up 91% compared to January 2006. The total notional value of bunker fuel oil contracts traded at IMAREX and NOS in January rose 28% to USD157 million, up from USD96 million in the same month last year.
Freight options:
IMAREX is the only market place in the world where cleared freight options are traded, and NOS is the only clearing house which clears freight options.
In January, a total of 36 IMAREX freight options accounted for 2 043 lots (2 920 in December) with a notional trade value of USD57 million were traded (USD45 million in December). Freight options accounted for 8% of all contracts traded at IMAREX NOS, and 7.5% of the notional value traded at the exchange.
New trading and clearing members:
IMAREX and NOS were pleased to welcome six new in January.
The total number of trading and clearing members at IMAREX and NOS is: 159
- O.W. Supply and Trading A/S
- First Securities ASA
- Preem Petroleum AB
- Tauber Oil Company
- Norden Derivatives A/S
For more information, please contact:
- Tom Even Mortensen, Chief Executive Officer Tel: +47 2389 4222
- Arild Jæger, Chief Financial Officer Tel: +47 2389 4211
Please see full report below:
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