Eurex Exchange's MSCI news - January 2016

The most important facts on volumes, open interest and other interesting developments on our MSCI Derivatives.

Volume development & open interest
December 2015 saw all-time record trading in the Eurex MSCI segment, with a total of 403,000 contracts traded.

390,000 futures (underlying value: EUR 8.6 bn) & 13,000 options (underlying value: EUR 312 mn) changed hands. The previous record was set in September 2015 with a total of 310,000 contracts traded.

After the roll, open interest dropped naturally to 168,000 contracts in standard futures & options (underlying value: EUR 3.8 bn), with additional 26,000 contracts in Flexible Products.

2015 volume developments
In 2015, the turnover in Eurex's MSCI segment more than doubled with almost 1.6 mn contracts (compared to 765,000 contracts in 2014), whereas the underlying value of these transactions almost tripled to EUR 40 bn (from EUR 15 bn).

Of these 1.6 mn contracts, 1,342,050 contracts (underlying value: EUR 33 bn) were MSCI Futures (535,329 contracts in 2014) and 239,470 contracts (underlying value: EUR 7.3 bn) were MSCI Options, including Flexible Options (229,079 contracts in 2014).

Most heavily traded futures contracts in 2015 (versus 2014)
MSCI Europe (FMEU): 450,000 contracts (2014: 232,000)
MSCI World in EUR (FMWN): 437,000 contracts (2014: 28,000)
MSCI World in USD (FMWO): 256,000 contracts (2014: 142,000)

Most heavily traded options contracts in 2015 (versus 2014)
MSCI Emerging Market (OMEM): 83,000 contracts (2014: 75,000)
MSCI World Options in USD (OMWO): 52,000 contracts (2014: 25,000)

Eurex in the competitive environment
Eurex remains the only exchange to have an extensive offer of both futures and options on MSCI benchmark indexes, and is constantly working on building liquid order books and increasing transparency in MSCI Derivatives available at Eurex.

In 2015, Eurex launched twelve additional futures on MSCI Indexes, bringing the total on offer to 59 futures and 15 options. This expanded offering further cements our position as the leading global provider of listed and centrally cleared MSCI Derivatives.

Globally, Eurex market share in open interest in all MSCI based listed derivatives* peaked at over 20%** (October 2015). Eurex also captured almost the entire traded volume and open interest in two benchmark futures: namely MSCI Europe NTR (FMEU) and MSCI World NTR EUR (FMWN).

In the European marketplace, Eurex's share in open interest is about 45 %** (versus 20% in 2014) with almost a third of the volume traded via the order book (versus mostly cleared-only volume on ICE Europe).

Competitive spreads quoted by active Market Makers, combined with the flexibility of Eurex Trade Entry Services & Flexible Products trading offered by all major brokers worldwide, consistently served end users to reach their investment goals in the best possible way.

* incl. SGX, ICE US, ICE Europe
** data source: Bloomberg
*** incl. open interest in Flexible Products

Volume and open interest charts

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