May 2023 figures at Eurex
May 2023 figures at Eurex
- Repo volumes doubled to nearly EUR 400 billion
- Strongest growth in daily GC Pooling with volumes rising 142 percent in May y-o-y
- Notional outstanding in OTC Clearing up 27 percent
Eurex, Europe’s leading derivatives exchange, reports a 9 percent decrease in total trading volume to 142.5 million contracts in May from 156.5 million contracts in the same month last year. Interest rate derivatives decreased by 8 percent year-on-year in May from 60.1 million to 55.5 million traded contracts. Index derivatives decreased by 13 percent, from 71.7 million to 62.2 million contracts traded. Equity derivatives trading remained unchanged compared to May 2022 with 24.6 million contracts.
In OTC Clearing, overnight index swaps recorded strongest performance with notional outstanding increasing by 55 percent in May year-on-year to EUR 2,933 billion and average daily cleared volumes even rising 117 percent to EUR 13 billion over the same period. Total notional outstanding increased 27 percent in May to EUR 34,051 billion.
Eurex Repo, Eurex’s leading electronic market for secured funding and financing, recorded a major increase in daily GC Pooling volumes in May, up 142 percent to EUR 187.8 billion, whereby average daily volume in the Repo market went up by 74 percent to EUR 209.5 billion. The total average daily term-adjusted volume grew by 101 percent in May.
Business overview – May 2023
May 2023 | May 2022 | Change | |
Financial derivatives: traded contracts Eurex Exchange | |||
Index derivatives (million) | 62.2 | 71.7 | -13% |
Interest rate derivatives (million) | 55.5 | 60.1 | -8% |
Equity derivatives (million) | 24.6 | 24.6 | 0% |
Total (million)1 | 142.5 | 156.5 | -9% |
OTC Clearing2 | |||
Notional outstanding volumes (billion EUR) | 34,051 | 26,890 | +27% |
- of which interest rate swaps (billion EUR) | 14,061 | 12,081 | +16% |
- of which overnight index swaps (billion EUR) | 2,933 | 1,890 | +55% |
Average daily cleared volumes (billion EUR) | 151 | 151 | 0% |
- of which interest rate swaps (billion EUR) | 18 | 29 | -37% |
- of which overnight index swaps (billion EUR) | 13 | 6 | +117% |
Compression volumes (billion EUR) | - | 119 | N/A |
Repo: Average daily term-adjusted volume on Eurex Repo | |||
GC Pooling3 (billion EUR) | 187.8 | 77.6 | +142% |
Repo Market (billion EUR) | 209.5 | 120.5 | +74% |
Total (billion EUR) | 397.3 | 198.1 | +101% |
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.