Eurex sees increase in daily cleared volume
03 July 2018 Frankfurt
Image: Shutterstock
Average daily cleared volume in interest rate derivatives increased to €67 billion in June this year, compared to €8 billion last June.
Notional outstanding stood at €7.2 trillion compared to €1.5 trillion at the end of June 2017.
Eurex Clearing reports that because of this it now holds a market share of roughly 8 percent in the global Euro-denominated interest rate derivatives market.
According to Eurex, there is no evidence for the concern that a fragmentation of the existing liquidity pool would lead to significant cost increases in particular for EU27 buy-side firms.
For almost all relevant tenors, 19 banks supply quotes on request via Tradeweb and/or Bloomberg, and eleven banks currently actively stream live prices on the platforms largely at the same bid/offer spread and size as LCH.
Some 29 market participants from the US, the UK, Asia and Continental Europe have joined
Eurex Clearing’s Partnership Programme.
The initiative is set to give a liquid alternative to clear Euro-denominated over-the-counter interest rate derivatives in the EU27.
Eurex Clearing has also installed a fixed income and currency (FIC) board advisory committee for the purpose of consulting with and making recommendations to the executive board of Eurex Clearing with respect to the general FIC strategy as well as product and service expansions.
The committee consists of ten members. They are nominated for a two-year term to the committee based on their performance in the Eurex Clearing Partnership Programme.
The five most active participants of the Partnership Program are represented in Eurex Clearing’s supervisory board.
Matthias Graulich, a member of the Eurex Clearing board, said: “Our initial objective was to build liquidity in the dealer to dealer segment and motivate banks to provide attractive pricing to end clients. Based on the excellent price quality now available to the buy side we will put a strong focus on activating and on-boarding more buy-side clients in the coming months.”
Notional outstanding stood at €7.2 trillion compared to €1.5 trillion at the end of June 2017.
Eurex Clearing reports that because of this it now holds a market share of roughly 8 percent in the global Euro-denominated interest rate derivatives market.
According to Eurex, there is no evidence for the concern that a fragmentation of the existing liquidity pool would lead to significant cost increases in particular for EU27 buy-side firms.
For almost all relevant tenors, 19 banks supply quotes on request via Tradeweb and/or Bloomberg, and eleven banks currently actively stream live prices on the platforms largely at the same bid/offer spread and size as LCH.
Some 29 market participants from the US, the UK, Asia and Continental Europe have joined
Eurex Clearing’s Partnership Programme.
The initiative is set to give a liquid alternative to clear Euro-denominated over-the-counter interest rate derivatives in the EU27.
Eurex Clearing has also installed a fixed income and currency (FIC) board advisory committee for the purpose of consulting with and making recommendations to the executive board of Eurex Clearing with respect to the general FIC strategy as well as product and service expansions.
The committee consists of ten members. They are nominated for a two-year term to the committee based on their performance in the Eurex Clearing Partnership Programme.
The five most active participants of the Partnership Program are represented in Eurex Clearing’s supervisory board.
Matthias Graulich, a member of the Eurex Clearing board, said: “Our initial objective was to build liquidity in the dealer to dealer segment and motivate banks to provide attractive pricing to end clients. Based on the excellent price quality now available to the buy side we will put a strong focus on activating and on-boarding more buy-side clients in the coming months.”
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