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Market briefing
2019 can be described as an impressive assault on the wall of fear. Sure, there was some stuttering along the way but nearly all broad equity market benchmarks finished 2019 with strong double-digit growth and were the strong outperformer across the major asset classes after dividends reinvested. Even against the backdrop of a low to negative yield environment, it looks difficult to see a repeat for 2020. Traders and investors already had to digest the latest U.S.-Iran tensions and evaluate if it may develop into a more serious conflict. Meanwhile, last year’s on-going story, escalating and de-escalating trade tensions between the U.S. and China. seems likely to continue through 2020 and we're also entering the final chapter of the Brexit saga. And, there is of course no small matter of the U.S. elections in November with the Democratic primaries beginning next month. A whole new wall needs to be assaulted again. [...]
Facts & figures
News
Eurex's Environmental Social Government (ESG) derivatives reached half a million traded contracts on 12 December, with a nominal value of EUR 7 billion. This milestone, which further demonstrates Eurex's leading role in this segment, was achieved shortly before the quarterly expiration date on which many traders have to roll their exposure.
Our index Total Return Futures (TRF) segment had a great year in 2019 in terms of traded volume. Compared to 2018, TRF's showed a 116 percent increase in volume with 3.6 million contracts traded. With more than 53 active members (34 in 2018) and an agency market share of 21 percent, the segment has shown in 2019 that it is an excellent listed alternative for implied equity repo trading.
The MSCI segment reached a new annual record of 20.1 million traded contracts in 2019 as increased buy side interest (now 27% of the order flow) is finding its way to Eurex.
Additionally, as of 6 December 2019 three additional MSCI Index Dividend Futures contracts are available for trading. The certified contracts include: MSCI Emerging Markets Index Dividend Futures (FEFD), MSCI EAFE Index Dividend Futures (FFPD) and MSCI World Index Dividend Futures (FWPD).
One year of extended trading hours in Asia
10 December 2019 was the first anniversary of the launch of our extended trading hours in Asia. And what a year it has been! With constantly growing trading activities and volume records. We spoke to Mezhgan Qabool, Head of Market Development APAC, and Head of Equity & Index Sales APAC.
Eurex Improve provides Trading Participants with a tool suited to guarantee their customers full execution of orders below minimum block trade sizes at the best available price at Eurex. Eurex Improve will be launched for all equity options and all equity index options on 3 February 2020. In this video Kirstin Meissner, Market Structure & Regulation, Eurex gives an overview on Eurex Improve and the benefits.
Events
