July 2025 Figures At Eurex

• Eurex trading volumes dip by 10 percent amid calmer markets in July.
• OTC Clearing sees strong 28 percent growth in notional outstanding volumes.
• Eurex Repo posts solid growth in July, GC Pooling surges 19 percent.

Eurex — Europe’s leading derivatives exchange and, together with Eurex Clearing, one of the world’s leading central counterparties — saw trading volumes decline in July, reflecting more subdued market conditions. The exchange reported a total of 138.9 million contracts traded during the month — a 10 percent drop compared to the 154.3 million recorded in July last year. Despite the overall decrease, interest rate derivatives showed resilience, rising by 10 percent year-on-year to reach 75.4 million contracts. In contrast, equity derivatives trading fell by 19 percent to 18.6 million contracts. Index derivatives also saw a decline, with volumes dropping 30 percent to 44.3 million contracts.

OTC Clearing recorded a notable increase in July, with notional outstanding volumes climbing by 28 percent compared to July 2024. Total volumes reached EUR 45,770 billion, up from EUR 35,789 billion during the same period in 2024. Overnight index swaps led the surge, posting a 57 percent rise to EUR 5,901 billion. Interest rate swaps also contributed significantly, growing by 26 percent to EUR 19,207 billion.

Eurex Repo, Eurex’s leading electronic market for secured funding and financing, reported a 4 percent increase in average term-adjusted volumes for July 2025, reaching EUR 388.0 billion. The growth was largely driven by strong performance in the GC Pooling segment, which jumped 19 percent compared to the same period last year. In contrast, the Repo Market segment saw a 9 percent decline. Despite contrasting trends across segments, Eurex Repo maintained upward momentum with a 3 percent year-on-year increase in volumes through July.

Business overview – July 2025

_{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.}