.jpg)
In October 2011, the international derivatives exchanges of Eurex Group recorded an average daily volume of 10.7 million contracts (October 2010: 9.2 million). Of those, 7.3 million were Eurex Exchange contracts (October 2010: 6.3 million), and 3.4 million contracts (October 2010: 2.9 million) were traded at the U.S.-based International Securities Exchange (ISE). The growth of 17 percent y-o-y is due to stronger hedging need of market participants driven by uncertainty resulting from the European sovereign debt crisis, which led to an increasing use of exchange-traded and centrally cleared derivatives in the current market environment. In total, 153.9 million contracts were traded at Eurex Exchange and 72.1 million at ISE.
At Eurex Exchange, equity index derivatives as the largest segment recorded 82.3 million contracts (October 2010: 57.7 million), an increase of 43 percent y-o-y. The future on the EURO STOXX 50 Index totaled 31.3 million contracts, its best monthly result year-to-date. The option on this blue chip index totaled 36.4 million contracts. Futures on the DAX index recorded 3.8 million contracts. The DAX options reached another 5.3 million contracts. The Eurex KOSPI product recorded 2.4 million contracts, an ADV of nearly 120,000 contracts – a new monthly record since product launch.
The equity derivatives (equity options and single stock futures) segment at Eurex Exchange reached 24.7 million contracts (October 2010: 28.0 million). Thereof, equity options totaled 21.6 million contracts and single stock futures equaled 3.1 million contracts. Equity derivatives volume y-o-y is influenced by the change of contract specifications: In Q1/2011, Eurex Exchange increased the contract size of most equity options and single stock futures to match international standards, with the effect of potentially lower turnover in these products. The adjusted figure of monthly volume in the equity derivatives segment in October would have been approximately close to 28.0 million contracts based on an extrapolation.
Eurex Exchange's interest rate derivatives segment totaled 46.0 million contracts (October2010: 45.7 million). The Euro-Bund-Future reached 18.4 million contracts, the Euro-Bobl-Future 9.3 million contracts and the Euro-Schatz-Future 11.0 million contracts. The Euro-BTP-Future totaled more than 144,000 contracts and the Short Term Euro-BTP-Future nearly 26,600 contracts.
The Eurex segment dividend-based derivatives increased by 84 percent y-o-y and totaled approximately 706,000 contracts. Volatility derivatives achieved 259,000 contracts, four times higher compared to October 2010.
Eurex Repo, which operates Swiss Franc, Euro Repo and GC Pooling markets, achieved new records in the Euro Repo and GC Pooling market. The Euro Repo market totaled an average outstanding volume of 183.4 billion euros in October, an increase of 54 percent y-o-y. The secured money market GC Pooling recorded a new monthly peak with an average outstanding volume of 150.2 billion euros, an increase of 61 percent y-o-y (October 2010: 93.0 billion euros). The Swiss Franc Repo market reached 82.8 billion euros. All Eurex Repo markets recorded 266.2 billion euros average outstanding volume (October 2010: 266.6 billion euros).
The electronic trading platform Eurex Bonds, which rounds out Eurex's fixed-income product range, traded 8.6 billion euros (single counting) in October, an increase of 39 percent y-o-y (October 2010: 6.2 billion euros). In September 2011, volume was 7.8 billion euros.
