At just £606 mln (EUR769 mln), the total volume of IPD Index Property Derivatives traded over the first quarter of 2009 was the lowest first-quarter figure for three years, according to data released on Friday by IPD. Since the rapid growth of derivatives trading from 2007, first-quarter volumes have proved the year's most active period. In Q1 2008, for example, trading volumes were £3.7 bn, while over the same period a year earlier £3.3 bn worth of property derivatives were executed. This annual spike in first quarter activity is due in part to the preference of full calendar year pricing among traders.
Premium subscriber content – please log in to read more or take a free trial.
