A member of
About EurexOTC Clear
EMIR 3.0 – active account
CCP Switch
On-boarding
Compression Service
Product Scope
Interest Rate Swaps
Inflation Swaps
Settlement Prices
Service Offering for PSAs
Clearing Member
ISA Direct Member
ISA Direct Light Licence Holder
Clearing Agent
Client
Jurisdictions
Multiple Clearing Relationships
Segregation Set up
Cross-Project-Calendar
Readiness for projects
C7 Releases
C7 SCS Releases
C7 CAS Releases
EurexOTC Clear Releases
Prisma Releases
Member Section Releases
Simulation calendar
Archive
User ID Maintenance
Clearing Hours
Clearing Reports
Product Specifications
Clearing on behalf
Delivery Management
Transaction Management
Collateral Management
Collateral
Transparency Enabler Files
Segregation Models
Reports
Default Fund
Intraday Margin Calls
OTC Clear Procedures
OTC Clear Tutorials
Cross Margining Support
Supplementary Margins
Default Waterfall
Model Validation
Stress testing
Default Management Process
Client Asset Protection under EMIR
Client Asset Protection under LSOC
Credit, concentration & wrong way risk
System-based risk controls
Pioneering CCP Transparency
Haircut and adjusted exchange rates
Securities margin groups and classes
Prices Rolling Spot Future
File services
Bond Clusters
Listed derivatives
OTC derivatives
Listed securities
Cash management
Delivery management
CCP eligible instruments
Eurex Newsletter Subscription
Circulars & Newsflashes Subscription
Corporate Action Information Subscription
Circulars & Readiness Newsflashes
News
Videos
Webcasts on demand
Publications
Forms
Events
FAQs
Production Newsboard
Eurex
Any parents out there are likely aware of the challenges of buying electronics for their children. In my case, it was a PS5 that was only obtainable by paying a high premium on eBay. Such is the global demand for microchips, and here I blame the bitcoin mining community! In general, supply chain bottlenecks are clearly hitting the real economy and with it comes inflationary pressure. Equity markets still hover near record levels despite the November retracement over new COVID variant fears and the reintroduction of some lockdown measures causing damage to business and consumer confidence.
Eurex saw a burst of activity for STOXX® Europe 600 derivatives, VSTOXX® and EURO STOXX 50® Total Return Futures in reaction to the sharp sell-off. Most encouraging was the record volume and strong liquidity picture for the recently launched Micro-DAX® Futures, which traded over 500k contracts for the month. Oil prices took a knock in a reversal of a strong trend causing renewed interest in Oil & Gas sector futures and options. Negative macroeconomic sentiment increased in specific EM countries such as Turkey and Brazil. This led to further volume growth across our MSCI derivatives segment. The broad EM, EM Latin America, EM EMEA, EM Asia, Europe, and World futures contracts were particularly strong. Several country MSCI index futures also had robust growth compared to the same month last year, notably for: Japan, China, Taiwan, Australia, Thailand, India, Mexico, Malaysia, Saudi Arabia and Indonesia.
As we enter the last month of the year, focus shifts a little towards 2022, where the pipeline of new product initiatives looks strong. We will again look to form partnerships with our members to nurture new markets and offer trading opportunities. At the same time, we will also review the volume development for our benchmark products to ensure they remain optimized and deliver the required liquidity, depth and price transparency.
Zubin Ramdarshan, Head of Equity & Index Product Design, Eurex