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December rounds off a strong year for Eurex

Release date: 06 Jan 2020 | Eurex Exchange, Eurex Clearing, Eurex Group

December rounds off a strong year for Eurex

OTC clearing led the way at Eurex in December with very strong growth // Yearly volumes up across a number of product segments and areas

Clearing volumes at Eurex, the leading European derivatives exchange, continued their upward trend in December, recording triple digit growth in average daily cleared volumes. Significant increases in volumes were also seen at Eurex Repo and EEX.

Despite year-on-year volumes of traded derivatives contracts at Eurex being slightly down in December 2019, the year as a whole saw some very positive developments across a number of individual product segments. For instance, options on the STOXX Europe 600 Banks and Total Return Futures on the EURO STOXX 50 both saw traded volumes more than double in 2019 compared to 2018. And many other products saw double-digit growth. 2019 also saw Eurex roll out its ESG derivatives offering and the milestone of half a million traded contracts was reached on 12 December. 

The OTC clearing space at Eurex saw significant gains. Notional outstanding volumes were up 62.85 percent in December to 12,886 billion EUR, while average daily cleared volumes more than doubled year-on-year, up 143.54 percent to 58 billion EUR in December. Across the whole of 2019, daily OTC interest rate derivative volumes averaged 110 billion EUR and daily long-dated OTC interest rate swap activity averaged 15 billion EUR – up 130 percent compared to 2018.

At EEX, the European Energy Exchange based in Leipzig, strong growth was seen in both electricity and gas derivatives – up 32 percent and 21 percent, respectively. Contributing to this were solid performances in Spanish power futures (up 69 percent year-on-year to 23.8 TWh), French power futures (up 45 percent to 43.0 TWh), and German power futures (up 31 percent to 208.7 TWh).  

Eurex Repo, Eurex’s leading electronic market for secured funding and financing, recorded a significant rise in GC Pooling volumes in December, up 37.7 percent to 48.2 billion EUR and following on from year-on-year rises of 45 percent and 42 percent in November and October, respectively. In 2019 as a whole, compared to 2018, average outstanding volumes rose 20.5 percent to 44.6 billion EUR in GC Pooling while Repo Market average volumes rose 1.8 percent to 57.1 billion EUR. 

Business overview

 Dec 19Dec 18Change
Financial derivatives: Traded contracts Eurex Exchange   
European equity index derivatives (million)85.396.0-11%
European interest rate derivatives (million)42.847.3-9%
European equity derivatives (million)31.031.2-1%
Total (million)1)160.1174.6-8%
OTC Clearing2)   
Notional outstanding volumes (average value) (billion EUR)12,8867,913+62.85%
Average daily cleared volumes (billion EUR)5824+143.54%
Average daily cleared volumes from post trading events (billion EUR)2618+41.39
Commodities: Trading volumes EEX   
Electricity (terawatt hours)536.1407.1+32%
Gas (terawatt hours)190.6158.1+21%
Emissions trading (million tons of CO2)64.5114.5-44%
Repo business: Average monthly outstanding volume on Eurex Repo   
GC Pooling3) (billion Euro)48.235.0+37.7%
Repo Market (billion Euro)51.464.3-20.1%

1) The total number of contracts traded includes other asset classes such as commodities 
2) Notional cleared volumes including post trading events such as compression
3) Includes all currencies

 

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