Eurex Reports +23% Growth in Derivatives Trading in December 2018

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Eurex Reports +23% Growth in Derivatives Trading in December 2018

January 5, 2019

derivativesEurex, Europe’s largest derivatives exchange and part of Deutsche Börse Group, has reported 174.6 million traded contracts in December 2018. The figure is a 23 percent jump from the 142.4 million contracts in 2017 and is attributable to the overall positive development, according to the company.

The overall growth in trading volumes on Eurex includes European equity index derivatives which have increased by 38 percent from 69.8 million in 2017 to 96.0 million in 2018. European equity derivatives trading grew by 52 percent, boosting from 20.5 million traded contracts in 2017 to 31.2 million in 2018.

The company also announced that Eurex Repo, a provider for international financing in the secured money market business (repo and securities lending), saw an overall increase of 7 percent in average outstanding volume in the Repo market in comparison to December 2017.

Its energy exchange, European Energy Exchange (EEX), experienced a significant increase in its power derivatives markets by 17 percent to 273.7 TWh (December 2017: 234.5 TWh).

In December 2018, Eurex added Wolfgang Eholzer as Chief Technology Officer. The appointment, which is effective as of January 2019, will lead to a focus on the company’s IT strategy and on Eurex‘s trading system T7. Having joined Eurex in 2007 as head of the Eurex Trading Technology Roadmap, which resulted in the delivery of interfaces for order management and market data, Eholzer had previously worked for Deutsche Börse Group‘s IT delivery organization since 1998.

Eurex has recently welcomed Flow Traders as FX liquidity providers for the Eurex FX Futures products further deepening liquidity available to investors throughout the whole range of monthly and quarterly deliverable FX Futures as well as in the non-deliverable Rolling Spot Futures.

In December 2018, Eurex Clearing, one of the leading CCPs globally wholly owned by Deutsche Boerse, has started offering clearing services for swap transactions to clients of futures commission merchants (FCMs) domiciled in the United States, following authorization from the Commodities Futures Trading Commission (CFTC).

The company has decided to expand its Partnership Program to cover the repo and OTC foreign exchange (OTC FX) segments, which are complementary to the OTC interest rate derivatives segment. As part of its partnership program, Eurex Clearing shares governance and economics with the most active program participants, including  Commerzbank, Deutsche Bank, J.P. Morgan and Morgan Stanley.

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