Futures Open Interest Report @August 22 2016
The Naira Settled currency futures price (represented by Nifex Spot) decreased by N15 ending the day at N329.5 against the previous day’s close of N344.5, representing a 4.35% decrease.
Open interest in currency futures increased by around 4.38% increasing from $2,211.5 to $2,308.44 million. Currency Futures investors were net buyers as $96.94 million dollars of futures were purchased. The Mark to Market (MTM) of open interest now stands at N141.76 billion as at August 22, 2016 (according to analysis by Quantitative Financial Analytics), a decrease of 16.58%, (N28.17 billion) over previous day’s Mark to Market value.
The Naira Settled currency futures have gained in open interest by 8,536% from inception to date.
Maturities
NGUS AUG 24 2016 is maturing in the next two days and the short position holders, possibly the CBN is expected to pay an estimated N2.973 billion on a notional of $152.48 million.
Futures Open Interest Report @August 19th 2016
The Naira Settled currency futures price (represented by Nifex Spot) decreased by N2.63 ending the day at N344.5 against the previous day’s close of N347.125.
Open interest in currency futures increased by around 1.92% increasing from $2,169.83 to $2,211.5 million. Currency Futures investors were net buyers as $41.67 million dollars of futures were purchased. The Naira Settled currency futures have gained in open interest by 8173% from inception to date. The most actively traded futures have been the NGUS JUN 21 2017, NGUS DEC 21 2016, and NGUS NOV 23 2016, with over 11 days of trade each in August alone.
The Mark to Market (MTM) of open interest now stands at N169.937 trillion as at August 19, 2016 (according to analysis by Quantitative Financial Analytics).
Maturities
NGUS AUG 24 2016 is maturing in the next two days and the short position holders, possibly the CBN is expected to pay an estimated N5.26 trillion on a notional of $152.48 million.
This report is brought to you by Quantitative Financial Analytics