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- Total notional outstanding in OTC clearing grew 15 percent year-on-year
Overall volumes of traded financial derivatives at Eurex were down 5 percent in November 2021 – from 149.5 million to 142.6 million – compared to the same month last year. European interest rate derivatives grew strongly by 26 percent from 39.9 to 50.3 million traded contracts, while European equity index derivatives and equity derivatives contracted compared to the same period last year.
Eurex Clearing recorded another strong month with overall notional outstanding up 15 percent to 21.2 trillion EUR from 18.5 trillion EUR in the same month last year. Overall average daily cleared volumes grew by 11 percent from 144 billion EUR to 159 billion EUR across the same period. In terms of specific segments, Overnight Index Swaps showed the strongest performance, with notional outstanding and average daily cleared volumes up 68 percent and 21 percent, respectively. Excluding CCP switch activity, the average daily volume for Interest Rate Swaps grew by 6 percent.
At Eurex Repo, the leading electronic market for secured funding and financing, Repo Market volumes grew by 17 percent, from 110.1 billion EUR in November 2020 to 128.4 billion EUR in the same month this year. The GC Pooling segment grew by 22 percent in comparison to the same month last year.
Business overview
|
November 2021 |
November 2020 |
Change |
|
|
Financial derivatives: Traded contracts Eurex Exchange |
|||
|
European equity index derivatives (million) |
68.7 |
84.9 |
-19% |
|
European interest rate derivatives (million) |
50.3 |
39.9 |
+26% |
|
European equity derivatives (million) |
23.5 |
24.0 |
-2% |
|
Total (million)1 |
142.6 |
149.5 |
-5% |
|
OTC Clearing2 |
|||
|
Notional outstanding volumes (billion EUR) |
21,225 |
18,535 |
+15% |
|
- Of which Interest Rate Swaps (billion EUR) |
10,914 |
8,596 |
+27% |
|
- Of which Overnight Index Swaps (billion EUR) |
1,221 |
726 |
+68% |
|
Average daily cleared volumes (billion EUR) |
159 |
144 |
+11% |
|
- Of which Interest Rate Swaps (billion EUR) |
27 |
56 |
-51% |
|
- Of which Overnight Index Swaps (billion EUR) |
9 |
7 |
+21% |
|
Compression volumes |
65 |
30 |
+118% |
|
Repo: Average monthly term-adjusted volume on Eurex Repo |
|||
|
GC Pooling3 (billion EUR) |
61.2 |
50.1 |
+22% |
|
Repo Market (billion EUR) |
128.4 |
110.1 |
+17% |
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.
