Eurex Repo sees double-digit trading growth 07 April 2020Frankfurt Reporter: Natalie Turner
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Eurex, the global derivatives exchange, has revealed its March figures and overall performance for Q1, which highlights a strong growth across European equity index derivatives, over-the-counter (OTC) clearing, and Eurex Repo’s GC Pooling and Repo markets.
Eurex Repo reported that the average monthly outstanding volume across its GC Pooling and Repo markets increase by 39 percent and 29 percent respectively in March, compared to the same period in 2019.
The Deutsche Boerse subsidiary saw overall volumes in OTC clearing attracted an average daily cleared volume of €144 billion in the first three months of the year, up 12 percent from €128 billion in Q1 2019.
These figures include strong growth in the interest rate swaps (IRS) product, which reached an average daily volume of €16 billion – up 40 percent from €11 billion in Q1 2019.
Notional outstanding volume was €17,575 billion in March 2020, of which 40 percent was in IRS.
The volume of traded contracts in European equity derivatives for March grew 91 percent year-on-year from €101.2 million in March 2019 to €193.2 million last month – while volumes of European equity derivatives fell back to 32.6 million.
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