Eurex Repo reports positive month for OTC clearing
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Eurex Repo reports positive month for OTC clearing 12 October 2020Frankfurt Reporter: Natalie Turner
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Eurex, the global derivatives exchange, saw a positive month in over-the-counter clearing in September with notional outstanding volumes up 45 percent – from €12,253 billion to €17,771 billion – and total average daily cleared volumes up 93 percent to €145 billion.
Average daily cleared volumes in interest rate swaps grew by 25 percent, up from €334 billion in September 2019 to €418 billion this year.
Elsewhere, Eurex Repo, the electronic marketplace for secured funding and financing, says its overall average term-adjusted year-to-date volume grew by over 15 percent since last year.
On a monthly basis, term-adjusted volume in the GC Pooling market fell by 40 percent, while it was up 71 percent – from €51.6 billion in September 2019 to €88.3 billion this year – in the repo market.
Meanwhile, traded financial derivatives contracts at Eurex fell overall by 12 percent, from 185.4 million contracts in September 2019 to 162.7 million contracts in September this year.
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Image: esthermm / Adobestock.com 