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Eurex | Eurex Clearing | Eurex Repo
Eurex – Europe’s leading derivatives exchange and, together with Eurex Clearing, one of the world’s leading central counterparties – reported lower trading volumes in February as overall market activity slowed. The exchange processed 148.4 million contracts during the month, representing a 14 percent decline from the 173.0 million contracts recorded a year earlier. Index derivatives decreased 19 percent to 47.7 million contracts. Interest rate derivatives fell 12 percent year-on-year to 78.2 million contracts, while equity derivatives dropped 10 percent to 22.4 million contracts.
OTC Clearing recorded strong growth in February, with notional outstanding volumes rising 34 percent year on year to EUR 53,238 billion, up from EUR 39,776 billion in February 2025. The main drivers were interest rate swaps and overnight index swaps.
Eurex Repo, Eurex’s leading electronic market for secured funding and financing, recorded a very strong performance in February 2026. Average term-adjusted volumes rose by 86 percent year-on-year to EUR 575.8 billion. This growth was primarily driven by both the Repo segment, which increased by 88 percent, and the GC Pooling segment, which also expanded significantly by 85 percent.
Business overview – February 2026
February 2026 | February | Change | |
Financial derivatives: traded contracts Eurex Exchange | |||
Index derivatives (million) | 47.7 | 58.8 | -19% |
Interest rate derivatives (million) | 78.2 | 88.3 | -12% |
Equity derivatives (million) | 22.4 | 24.9 | -10% |
Total (million)1 | 148.4 | 173.0 | -14% |
OTC Clearing² | |||
Notional outstanding volumes (billion EUR) | 53,238 | 39,776 | +34% |
| 21,711 | 16,783 | +29% |
| 7,946 | 4,553 | +75% |
Average daily cleared volumes (billion EUR) | 351 | 258 | +36% |
| 74 | 41 | +83% |
| 56 | 34 | +65% |
Compression volumes (billion EUR) | 0 | 0 | N/A |
Repo: Average daily term adjusted volume on Eurex Repo | |||
GC Pooling³ (billion EUR) | 271.6 | 147.0 | +85% |
Repo Market (billion EUR) | 304.2 | 162.0 | +88% |
Total (billion EUR) | 575.8 | 309.0 | +86% |
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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Irmgard Thiessen
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irmgard.thiessen@deutsche-boerse.com
Nina Lux
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nina.lux@deutsche-boerse.com