Eurex reports growth in OTC clearing amid derivatives decline
07 August 2020 Frankfurt
Image: tadamichi/Adobe Stock
Eurex has reported a year-on-year increase of 53 percent in notional outstanding volumes for over-the-counter clearing for July 2020.
The global derivatives exchange also noted that interest rate swaps increased 27 percent year-on-year in the number of average daily cleared volumes.
However, it was noted that average daily cleared volumes fell by 13 percent to €99 billion, attributable to reduced volumes in forward rate agreements.
Such mixed figures were also reported by Eurex Repo, where the repo market business saw a year-on-year growth of 37 percent, reaching €86.9 billion in average term-adjusted volume, while GC Pooling saw a 10 percent decline to €63.4 billion from €70.5 billion in July 2019.
This was in line with Eurex’s recorded declines in all classes of traded financial derivatives contracts.
Financial derivatives reported an overall decline of 13 percent in the number of traded contacts on the Eurex Exchange, with European equity derivatives taking the biggest hit in a 23 percent decrease to €17.1 million.
In addition, European equity index derivatives fell 10 percent year-on-year, while European interest rate derivatives declined 16 percent to €33.8 million.
The global derivatives exchange also noted that interest rate swaps increased 27 percent year-on-year in the number of average daily cleared volumes.
However, it was noted that average daily cleared volumes fell by 13 percent to €99 billion, attributable to reduced volumes in forward rate agreements.
Such mixed figures were also reported by Eurex Repo, where the repo market business saw a year-on-year growth of 37 percent, reaching €86.9 billion in average term-adjusted volume, while GC Pooling saw a 10 percent decline to €63.4 billion from €70.5 billion in July 2019.
This was in line with Eurex’s recorded declines in all classes of traded financial derivatives contracts.
Financial derivatives reported an overall decline of 13 percent in the number of traded contacts on the Eurex Exchange, with European equity derivatives taking the biggest hit in a 23 percent decrease to €17.1 million.
In addition, European equity index derivatives fell 10 percent year-on-year, while European interest rate derivatives declined 16 percent to €33.8 million.
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