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Eurex | Eurex Clearing | Eurex Group
March and Q1 2020 saw growth across a range of product classes and services at Eurex and EEX.
Across the whole of Q1 2020, overall volumes in OTC clearing showed growth, with an average daily cleared volume of 144 billion EUR – up 12% from 128 billion EUR in Q1 2019. These figures include strong growth in the IRS product, reaching an ADV of 16 billion EUR – up 40% from 11 billion EUR in Q1 2019. Notional outstanding volume was 17,575 billion EUR in March 2020, of which 40% was in IRS.
The volume of traded contracts in European equity index derivatives grew 91% year-on-year from 101.2 million in March 2019 to 193.2 million in March 2020 – while volumes of European equity derivatives fell back to 32.6 million. Overall growth in financial derivatives traded contracts was 296 million, up 46% in March 2020 compared to the same month last year.
Eurex Repo posted double-digit growth across both its GC Pooling and Repo markets – up 39% and 29%, respectively.
At the Leipzig-based European Energy Exchange (EEX), electricity volumes led the way with 41% year-on-year growth in March 2020, while gas and emissions trading volumes also enjoyed a positive month.
Business overview
| Mar 20 | Mar 19 | Change | |
| Financial derivatives: Traded contracts Eurex Exchange | |||
| European equity index derivatives (million) | 193.2 | 101.2 | +91% |
| European interest rate derivatives (million) | 68.1 | 64.2 | +6% |
| European equity derivatives (million) | 32.6 | 36.9 | -12% |
| Total (million)1) | 296.0 | 203.3 | +46% |
| OTC Clearing2) | |||
| Notional outstanding volumes (average value) (billion EUR) | 17,575 | 12,898 | +36.3% |
| Notional Cleared volumes (billion EUR) | 1,659 | 2,459 | -32.5% |
| 361 | 256 | +40.7% |
| Commodities: Trading volumes EEX | |||
| Electricity (terawatt hours) | 732.3 | 520.7 | +41% |
| Gas (terawatt hours) | 277.3 | 223.4 | +24% |
| Emissions trading (million tons of CO2) | 110.7 | 101.1 | +9% |
| Repo: Average monthly term-adjusted volume on Eurex Repo | |||
| GC Pooling3 (billion EUR) | 85.7 | 55.7 | +53.9% |
| Repo Market (billion Euro) | 118.4 | 91.6 | +29.3% |
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.