Liquidity on the term market in Sibiu, over July 17-23 2006 week continued to follow an upward trend, more than 300,000 contracts being traded since this month-start, Sibiu Financial-Monetary and Commodity Exchange (Romania's centre) shows in a press release.

"In the 15 trading session that took place a higher level by some 50,000 contracts was attained compared to the one in June, July announcing as a serious candidate for the most prolific month on the derivatives market, Exchange President Teodor Ancuta stressed. The average of some 21,300 contracts/day recorded since the beginning of this month lead to an equal volume in each session to the one obtained in the entire July of 2005". In general, liquidity increase, in parallel with the steady increase of the open positions number, was due to an outstanding volatility on the market perceived and used as such by speculators, profile market's experts remark.

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