The first financial futures contract traded on the SFE was the:

A) 90-day bank-accepted bill
B) three-year Commonwealth bond
C) 10-year Commonwealth bond
D) Share Price Index

Question

The first financial futures contract traded on the SFE was the:

A) 90-day bank-accepted bill
B) three-year Commonwealth bond
C) 10-year Commonwealth bond
D) Share Price Index

Quizplus · Accepted Answer

Following the trend from overseas,the SFE began to list financial futures contracts commencing with the 90-day bank-accepted bill (BAB)futures contract in 1979 and currency futures contracts in 1980.The Share Price Index (SPI)futures contract was listed in 1983,followed two years later by the listing of options on the SPI futures contract.

The First Financial Futures Contract Traded on the SFE Was