Strong 2014 for Eurex Repo
19 January 2015 Frankfurt
Image: Shutterstock
Eurex Repo continued to grow in 2014, with outstanding volumes, the number of transactions and active participants all on the rise.
Combined average outstanding volumes for GC Pooling and the Euro Repo markets reached a new record level of around €200 billion on an annual basis.
Of this sum, the secured money market GC Pooling totalled €158.5 billion average outstanding volumes, an increase of 3 percent compared with 2013.
This increase was accompanied by higher transaction and quote volumes. On a monthly average basis, the number of transactions grew 42 percent year-on-year and the number of quotes by 24 percent.
GC Pooling recorded for the first time more than 100 active participants on a daily basis since launch. The Euro Repo market totalled €41 billion in average outstanding volumes (a rise of 12 percent year-on-year).
The GC Pooling market also extended its currency coverage, adding the Swiss franc in late 2014 to its existing cash currencies euro and US dollar. Addition of further currencies at a future date in 2015 is planned, according to Eurex.
In an official statement, Eurex stated: “The SecLend CCP market is gaining strong interest amongst client base. Two new participants joined the SecLend CCP market in 2014 thereby using the post-trading infrastructure of Eurex Clearing.”
Eurex Repo also began the roll-out of its F7 trading system at the end of 2014, formulated to encourage further increases in the transaction volumes, market share and new customers segments.
“We are very pleased by the continuing growth of our markets despite the negative interest rate environment,” said Marcel Naas, managing director of Eurex Repo.
“The significant increase in the average number of quotes and transactions also supported the further establishment of our GC Pooling index family as an alternative to unsecured money market benchmarks.”
Combined average outstanding volumes for GC Pooling and the Euro Repo markets reached a new record level of around €200 billion on an annual basis.
Of this sum, the secured money market GC Pooling totalled €158.5 billion average outstanding volumes, an increase of 3 percent compared with 2013.
This increase was accompanied by higher transaction and quote volumes. On a monthly average basis, the number of transactions grew 42 percent year-on-year and the number of quotes by 24 percent.
GC Pooling recorded for the first time more than 100 active participants on a daily basis since launch. The Euro Repo market totalled €41 billion in average outstanding volumes (a rise of 12 percent year-on-year).
The GC Pooling market also extended its currency coverage, adding the Swiss franc in late 2014 to its existing cash currencies euro and US dollar. Addition of further currencies at a future date in 2015 is planned, according to Eurex.
In an official statement, Eurex stated: “The SecLend CCP market is gaining strong interest amongst client base. Two new participants joined the SecLend CCP market in 2014 thereby using the post-trading infrastructure of Eurex Clearing.”
Eurex Repo also began the roll-out of its F7 trading system at the end of 2014, formulated to encourage further increases in the transaction volumes, market share and new customers segments.
“We are very pleased by the continuing growth of our markets despite the negative interest rate environment,” said Marcel Naas, managing director of Eurex Repo.
“The significant increase in the average number of quotes and transactions also supported the further establishment of our GC Pooling index family as an alternative to unsecured money market benchmarks.”
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