Eurex Repo, the repo market of the world's largest derivatives exchange Eurex, showed continued strong growth in September 2006: The average outstanding volume on Eurex Repo reached a new record at €91.3 billion. Main driver of this growth was the Euro repo market setting a new record in the daily outstanding at €55 billion during September 2006. While volumes in electronic repo trading using a CCP stagnated between June 2005 and June 2006 according to the recently published ICMA report, Eurex’s Euro repo market showed a sustained growth of 23.4 percent for that period.
In September, average outstanding volume in the Euro and the Swiss Franc repo markets increased by 19 percent to €91.3 billion compared to September 2005. Outstanding volume in the Eurex Repo Euro Market increased 43 percent year-on-year to €47.6 billion. Outstanding volume in the Eurex Repo CHF Market totaled CHF 65.6 billion (€43.7 billion). Euro GC Pooling contributed significantly with volumes increasing significantly by 69 percent year on year.
Eurex Repo has recently introduced improvements to its product and service offering. Following the introduction of Euro GC Pooling in March 2005, the service was made available to international customers with the first customer becoming active in May 2006. In September, Eurex Repo introduced an automated clearing and settlement process for Inflation-linked Bonds. The first German Government Linker has been trading on the Eurex Repo Euro Market since March 2006.
