ASX interest rate futures surge, set for third month of 15%+ gains, Morgan Stanley says

ASX

25/11/2025 22:57

** Aussie exchange operator ASX ASX.AX interest rate futures rally momentum continued in November, with volumes set to notch a third straight month of 15%-plus gains, Morgan Stanley says

** November month-to-date volumes have surged 21% YoY, pointing to 8.5% growth for 1H, blowing past MS' 1% estimate

** However, brokerage flags that while surging rate futures activity bolsters market revenues, bottom-line gains may be tempered by volume rebates

** ASX is down 11% YTD as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))