November 2022 figures at Eurex
November 2022 figures at Eurex
- Index derivatives continued their positive trend (up 10 percent) in November
- Total repo volumes up 27 percent y-o-y
- Notional outstanding OTC interest rate swaps with growth over 18 percent
Index derivatives continued their strong year-on-year growth, up 10 percent from 68.6 million traded contracts to 75.3 million. Interest rate derivatives decreased by 6 percent compared to the high level of the previous year, from 50.3 million traded contracts to 47.4 million. Equity derivatives contracts traded fell by 20 percent in November, from 23.5 million to 18.8 million compared to the same month last year. Total contracts traded at Eurex stayed nearly unchanged with 141.8 million after 142.5 million in November 2021.
Notional outstanding volumes in OTC clearing grew by 29 percent compared to November 2021 despite another successful compression run. Overall outstanding volume stood at EUR 27,344 billion at the end of November vs. EUR 21,255 billion the year before – with interest rate swaps and overnight index swaps posting growth of 18 percent and 106 percent respectively. Average daily cleared volumes grew 7 percent, with overnight index swaps nearly doubling.
At Eurex Repo, average daily term-adjusted volume grew by 27 percent compared to November last year – up from EUR 191.7 billion to EUR 243.8 billion. The GC Pooling market was up 13 percent while the Repo Market grew by 34 percent year-on-year.
Business overview – November 2022
November 2022 | November | Change | |
Financial derivatives: traded contracts Eurex Exchange | |||
Index derivatives (million) | 75.3 | 68.6 | +10% |
Interest rate derivatives (million) | 47.4 | 50.3 | -6% |
Equity derivatives (million) | 18.8 | 23.5 | -20% |
Total (million)1 | 141.8 | 142.5 | -0.5% |
OTC Clearing2 | |||
Notional outstanding volumes (billion EUR) | 27,344 | 21,255 | +29% |
- of which interest rate swaps (billion EUR) | 12,849 | 10,914 | +18% |
- of which overnight index swaps (billion EUR) | 2,516 | 1,221 | +106% |
Average daily cleared volumes (billion EUR) | 170 | 159 | +7% |
- of which interest rate swaps (billion EUR) | 21 | 27 | -24% |
- of which overnight index swaps (billion EUR) | 17 | 9 | +99% |
Compression volumes (billion EUR) | 162 | 65 | +150% |
Repo: average daily term-adjusted volume on Eurex Repo | |||
GC Pooling3 (billion EUR) | 69.3 | 61.2 | 13% |
Repo Market (billion EUR) | 174.5 | 130.5 | 34% |
Total (billion EUR) | 243.8 | 191.7 | 27% |
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.