The Montreal Exchange today said 2005 was another record trading year, with total volume up 32% compared with 2004.

In 2005, total trading volume at the MX stood at 28.7 million derivative contracts, up by almost one third from the prior year. Total trading activity has more than doubled since 2001.

The MX Futures Market accounted for 63.6% of total trading activity in the year. A total of 18.2 million futures contracts were traded during the year, an increase of more than 41% compared with 2004, the exchange reports.

The MX Options Market accounted for the remaining 36.4% of total trading activity in 2005. A total of 10.5 million option contracts were traded during the year, which represents an increase of more than 17% over the previous year.

The notional value of derivative products traded on MX during 2005 reached an all-time high of $12.4 trillion, a 43% increase compared with the previous year.