Eurex Repo sees Repo Market and GC Pooling decline
09 June 2021 Germany
Image: stock.adobe.com/peshkov
Eurex Repo — the integrated European market for electronic trading, clearing, collateral management and settlement of repo and securities lending transactions — saw drops in monthly adjusted volumes of 46 per cent in its GC Pooling and 12 per cent in its Repo Market. GC Pooling Market provides a liquid market for secured funding with central counterparty clearing.
But Eurex’s OTC Clearing business saw interest rate swaps volumes grow — with notional outstanding up 15 per cent from €18,960 billion to €21,440 billion. Similarly, average daily cleared volume grew 25 per cent, from €17 billion to €21 billion compared to the same month last year. Overall clearing notional outstanding grew 15 per cent, while overall average daily cleared volume dropped 33 per cent across the same period.
Total traded derivatives contracts grew 13 per cent in May compared to the same month last year — from 122 million to 137 million.
But Eurex’s OTC Clearing business saw interest rate swaps volumes grow — with notional outstanding up 15 per cent from €18,960 billion to €21,440 billion. Similarly, average daily cleared volume grew 25 per cent, from €17 billion to €21 billion compared to the same month last year. Overall clearing notional outstanding grew 15 per cent, while overall average daily cleared volume dropped 33 per cent across the same period.
Total traded derivatives contracts grew 13 per cent in May compared to the same month last year — from 122 million to 137 million.
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