12. Jan 2021

Eurex

Full year and December 2020 figures at Eurex

  • Partnership Program continues to facilitate growth in OTC Clearing
  • Traded ESG derivatives contracts up by over 80% in 2020


Eurex’s Partnership Program continued its success story in 2020. In the OTC Clearing segment, notional outstanding volumes grew by 29%, up from 12.9 trillion EUR in 2019 to 16.6 trillion and average daily cleared volumes grew by 16% overall – up from 103 billion EUR in 2019 to 122 billion EUR in 2020. Longer dated Interest Rate Swaps grew even more strongly with a 33% rise. These volumes were driven to a substantial degree by the Partnership Program which offers participants the chance to share in the economics of OTC IRD clearing and have a say in the governance of Eurex Clearing. Portfolio switch activity also increased significantly throughout the year, while Eurex contracts continue to show a similar spread with no material basis compared to LCH.

In the financial derivatives segment, a very strong Q1 was followed by more moderate trading activity across the rest of the year. Overall, 2020 saw a small reduction of 4% in the number of traded contracts compared to 2019. Eurex’s largest segment, European equity index derivatives, was the best performing with the number of traded contracts growing 10% from 953.0 million in 2019 to 1,050.7 million in 2020. EURO STOXX was the most active sector with 153.6 million traded contracts, up 8.4% from 141.7 million in 2019. And some of the strongest rises were seen in the number of traded ESG derivatives contracts – up 83% to 1.3 million traded contracts – and Equity Total Return Futures, with over 116,000 contracts changing hands in their first full year of trading.

Eurex Repo, a leading marketplace for secured funding and financing, saw overall term-adjusted volumes grow by 10% in 2020. Activity in GC Pooling increased significantly at the onset of the Covid-19 related market turbulence, demonstrating the importance of these markets for banks’ liquidity management in times of market stress. 2020 also saw the launch of the first Green Bond GC Basket – an initiative welcomed by both market participants and industry bodies, and a clear signal regarding the ongoing development of the ESG sector.


Business overview – full year 2020

 


2020

2019

Change

Financial derivatives: Traded contracts Eurex Exchange

European equity index derivatives (million)

1,050.7

953.0

+10%

European interest rate derivatives (million)

528.5

560.8

-6%

European equity derivatives (million)

273.8

425.2

-36%

Total (million)1

1,861.4

1,947.1

-4%

OTC Clearing2

Notional outstanding volumes (billion EUR)

16,580

12,886

+29%

Average daily cleared volumes (billion EUR)

122

103

+18%

  • Of which Interest Rate Swaps (billion EUR)

19

14

+33%

Compression volumes

10

7

+42%

Repo: Average term-adjusted volume on Eurex Repo

GC Pooling3 (billion EUR)

71.0

67.6

+5%

Repo Market (billion EUR)

88.4

77.4

+14%


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.


Business overview – December 2020

Dec 2020

Dec 2019

Change

Financial derivatives: Traded contracts Eurex Exchange

European equity index derivatives (million)

78.0

85.3

-9%

European interest rate derivatives (million)

46.6

42.8

+9%

European equity derivatives (million)

24.1

31.0

-22%

Total (million)1

148.9

160.1

-7%

OTC Clearing2

Notional outstanding volumes (billion EUR)

16,580

12,886

+29%

Average daily cleared volumes (billion EUR)

76

58

+31%

  • Of which Interest Rate Swaps (billion EUR)

17

15

+15%

Compression volumes

34

26

+30%

Repo: Average term-adjusted volume on Eurex Repo

GC Pooling3 (billion EUR)

36.4

56.0

-35%

Repo Market (billion EUR)

55.6

77.3

-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.


Media contact:
Irmgard Thiessen
+49-69-211-15911
irmgard.thiessen@deutsche-boerse.com

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