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Eurex | Eurex Clearing | Eurex Group
- May saw a fall in the number of traded derivatives contracts at Eurex while OTC Clearing, and the GC Pooling market at Eurex Repo, showed strong growth.
- Traded derivatives contracts down due to effects of the ongoing pandemic, including reduced interest rates, as well as exceptionally high volume during this period last year.
All classes of financial derivatives at Eurex showed declines in the number of traded contracts in May 2020 compared to May 2019, with the largest fall coming in European equity derivatives – down 58% year-on-year.
The OTC Clearing space continues to report very positive figures. Notional outstanding and average daily cleared volumes were up 24% and 42%, respectively, in May 2020 compared to the same month last year. Interest rates swaps were a standout performer, with average daily cleared volumes up 84% year-on-year in May 2020.
At Eurex Repo, the electronic market for secured funding and financing, the GC Pooling market grew 81% year-on-year in May, with 102.5 billion EUR of average term-adjusted volume compared to 56.2 billion EUR in May 2019.
EEX, the Leipzig-based energy exchange, posted growth in traded electricity volumes – up 14% compared to the same month last year – while reductions in volumes were seen in gas and emissions trading.
Business overview
May 20 | May 19 | Change | |
| Financial derivatives: Traded contracts Eurex Exchange | |||
European equity index derivatives (million) | 66.1 | 76.4 | -13% |
European interest rate derivatives (million) | 36.2 | 50.6 | -28% |
European equity derivatives (million) | 19.3 | 46.1 | -58% |
| Total (million)1) | 121.8 | 173.2 | -30% |
| OTC Clearing2) | |||
Notional outstanding volumes (billion EUR) | 18,960 | 15,244 | +24% |
Average daily cleared volumes (billion EUR) | 142 | 101 | +41% |
| 17 | 9 | +84% |
| Commodities: Trading volumes EEX | |||
Electricity (terawatt hours) | 548.6 | 481.8 | +14% |
Gas (terawatt hours) | 191.7 | 254.3 | -25% |
Emissions trading (million tons of CO2) | 72.1 | 80.7 | -11% |
| Repo: Average monthly term-adjusted volume on Eurex Repo | |||
| GC Pooling3 (billion EUR) | 102.5 | 56.2 | +82% |
Repo Market (billion Euro) | 66.8 | 93.3 | -28% |
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.