- A strong start to the year for OTC Clearing at Eurex with market share in euro clearing reaching 20%
Notional outstanding volumes at Eurex grew 20% year-on-year in January – from 17,054 billion EUR in January 2020 to 20,390 billion EUR this year – while average daily cleared volumes grew by 4% across the same period. Eurex’s euro clearing market share in notional outstanding volume now stands at 20%.
The number of traded financial derivatives contracts at Eurex shows a mixed picture in January, with volumes up for European interest rate derivatives, and down for European equity index and European equity derivatives, for a total reduction in volume of 11%. These figures, and others, are affected by the reduced number of trading days in January 2021 compared to January 2020 – 20 compared to 22.
At Eurex Repo, the leading marketplace for secured funding and financing, volumes were down in January both the GC Pooling and Repo markets.
Business overview
|
January 21 |
January 20 |
Change |
|
|
Financial derivatives: Traded contracts Eurex Exchange |
|||
|
European equity index derivatives (million) |
61.8 |
78.3 |
-21% |
|
European interest rate derivatives (million) |
43.6 |
41.4 |
+5% |
|
European equity derivatives (million) |
23.9 |
25.5 |
-6% |
|
Total (million)1 |
129.5 |
145.5 |
-11% |
|
OTC Clearing2 |
|||
|
Notional outstanding volumes (billion EUR) |
20,390 |
17,043 |
+20% |
|
Of which Interest Rate Swaps (billion EUR) |
8.368 |
6,343 |
+32% |
|
Average daily cleared volumes (billion EUR) |
249 |
240 |
+4% |
|
Compression volumes |
0 |
0 |
N/A |
|
Repo: Average monthly term-adjusted volume on Eurex Repo |
|||
|
GC Pooling3 (billion EUR) |
62.7 |
91.5 |
-32% |
|
Repo Market (billion EUR) |
60.4 |
67.9 |
-11% |
1 The total number of contracts traded includes other asset classes such as commodities.
2 Notional cleared volumes including post trading events such as compression.
3 Includes all currencies.
