Eurex Kicks Off 2024 with Volume Surge: Up 6% from 2023

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Europe’s
leading derivatives exchange entered the new year with positive overall trading
volume dynamics, which increased by 6% compared to January of the previous
year. Eurex reported an increase in activity from 144.6 million contracts to
152.7 million. However, on a monthly basis, the result was 8% lower; in
December, the same indicator reached 165.8 million.

The most
significant growth area was interest rate derivatives, which saw a 34% increase
in volume year-over-year (YoY). 73.6 million interest rate derivative contracts
traded on Eurex in January 2024, up from 54.7 million in January 2023.

On the
other hand, equity derivatives fell 17% to 17.4 million contracts, down from
20.9 million in January 2023. Index derivatives also declined, with volume
decreasing 11% to 61.4 million contracts, compared to 68.7 million in the prior
year period.

In OTC
clearing , notional outstanding volumes grew 8% in January 2024 over the same
month last year, reaching €33.5 trillion versus €31.1 trillion. Interest rate
swap notional outstanding specifically rose 9% to €14.4 trillion.

Eurex Repo,
Eurex’s electronic market for secured funding, saw strong volume growth in the
last month. Average daily GC Pooling volume jumped 57% to €128.9 billion. GC
Pooling is a secured lending market operated by Eurex Repo. It allows financial
institutions to borrow and lend cash on a short-term basis, using high-quality
collateral such as bonds and equities.

Additionally,
the overall average daily term-adjusted repo volume increased 33% YoY to €338.9
billion.

A few days
earlier, Deutsche Börse, which Eurex belongs to, also reported the results
generated by its cash markets. In January, this amounted to €105.01 billion,
compared to €97.40 billion in December.

Eurex Summarizes 2023

For 2023,
the total trade volume contracted by a modest 2% to 1,915.1 million contracts.
This was primarily due to a stronger decline in the area of index derivatives,
where the volume fell by 9% to 871.7 million contracts. In the case of OTC
Clearing, the average daily cleared volumes indicator increased by 10% to €185
billion from €169 billion.

The GC Pooling category recorded the strongest growth, where appreciation
amounted to 142% to €158.9 billion.

A week ago,
the derivatives exchange appointed Robbert Booij from ABN Amro as its new CEO. “I knew Eurex well from my current role at ABN AMRO Clearing Bank N.V. and had the honor to be the Chairman of the Eurex Exchange Council,” Booij commented.

Europe’s
leading derivatives exchange entered the new year with positive overall trading
volume dynamics, which increased by 6% compared to January of the previous
year. Eurex reported an increase in activity from 144.6 million contracts to
152.7 million. However, on a monthly basis, the result was 8% lower; in
December, the same indicator reached 165.8 million.

The most
significant growth area was interest rate derivatives, which saw a 34% increase
in volume year-over-year (YoY). 73.6 million interest rate derivative contracts
traded on Eurex in January 2024, up from 54.7 million in January 2023.

On the
other hand, equity derivatives fell 17% to 17.4 million contracts, down from
20.9 million in January 2023. Index derivatives also declined, with volume
decreasing 11% to 61.4 million contracts, compared to 68.7 million in the prior
year period.

In OTC
clearing , notional outstanding volumes grew 8% in January 2024 over the same
month last year, reaching €33.5 trillion versus €31.1 trillion. Interest rate
swap notional outstanding specifically rose 9% to €14.4 trillion.

Eurex Repo,
Eurex’s electronic market for secured funding, saw strong volume growth in the
last month. Average daily GC Pooling volume jumped 57% to €128.9 billion. GC
Pooling is a secured lending market operated by Eurex Repo. It allows financial
institutions to borrow and lend cash on a short-term basis, using high-quality
collateral such as bonds and equities.

Additionally,
the overall average daily term-adjusted repo volume increased 33% YoY to €338.9
billion.

A few days
earlier, Deutsche Börse, which Eurex belongs to, also reported the results
generated by its cash markets. In January, this amounted to €105.01 billion,
compared to €97.40 billion in December.

Eurex Summarizes 2023

For 2023,
the total trade volume contracted by a modest 2% to 1,915.1 million contracts.
This was primarily due to a stronger decline in the area of index derivatives,
where the volume fell by 9% to 871.7 million contracts. In the case of OTC
Clearing, the average daily cleared volumes indicator increased by 10% to €185
billion from €169 billion.

The GC Pooling category recorded the strongest growth, where appreciation
amounted to 142% to €158.9 billion.

A week ago,
the derivatives exchange appointed Robbert Booij from ABN Amro as its new CEO. “I knew Eurex well from my current role at ABN AMRO Clearing Bank N.V. and had the honor to be the Chairman of the Eurex Exchange Council,” Booij commented.

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