Impact of the day trading on open interest

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On a particular day, there were 2,000 trades in a particular futures contract. This means that there were 2,000 buyers (going long) and 2,000 sellers (going short). Of the 2,000 buyers, 1,400 were closing out previous positions and 600 were entering into new positions. Of the 2,000 sellers, 1,200 were closing out previous positions and 800 were entering into new positions. Then, the impact of the day's trading on open interest is ??(an increase, a decrease) by (??) contracts.

Mark the correct word in the first parentheses by using underlining it, and fill the correct number in the second parentheses.

Reference no: EM133021101

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