February 2021 monthly figures at Eurex
February 2021 monthly figures at Eurex
OTC Clearing continues strong performance in February
The positive trend in OTC clearing at Eurex continued in February. Notional outstanding volume grew by 10 percent year-on-year to EUR 19,903 billion in February 2021 while average daily cleared volume increased by 15 percent across the same period. Longer dated interest rate swaps saw the largest increase, up 44 percent – from EUR 12 billion in February 2020 to EUR 18 billion in February 2021.
European interest rate derivatives also continued their positive trend with a 7 percent year-on-year increase in February. In contrast, equity and equity index derivatives declined by 13 percent and 43 percent, respectively. This was to be expected due to the pandemic-related increase in market volatility in February 2020.
At Eurex Repo, the leading marketplace for secured funding and financing, volumes in the repo market increased by 13 percent compared to February 2020 while GC Pooling volumes declined.
Business overview
February 2021 | February 2020 | Change | |
Financial derivatives: Traded contracts Eurex Exchange | |||
European equity index derivatives (million) | 61.7 | 109.1 | -43% |
European interest rate derivatives (million) | 55.5 | 51.7 | +7% |
European equity derivatives (million) | 24.5 | 28.3 | -13% |
Total (million)1 | 142.0 | 189.7 | -25% |
OTC Clearing2 | |||
Notional outstanding volumes (billion EUR) | 19,903 | 18,110 | +10% |
Average daily cleared volumes (billion EUR) | 131 | 115 | +15% |
| 18 | 12 | +44% |
Compression volumes | 32 | 0 | N/A |
Repo: Average monthly term-adjusted volume on Eurex Repo | |||
GC Pooling3 (billion EUR) | 81.4 | 111.6 | -27% |
Repo Market (billion EUR) | 88.4 | 78.6 | +13% |
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.