Eurex Reports Mixed Trading Volumes for November 2021

Eurex, a global derivatives exchange, reported its operational metrics for November 2021, which were largely mixed on a yearly basis, but equity index derivatives stayed virtually flat with negative growth.

During November 2021, Eurex disclosed that a total of 142.6 million contracts were traded across its financial derivatives, which include European equity index, interest rate, and equity derivatives. This figure was down by 5 percent over a yearly timeframe, compared to 149.5 million contracts reported back in November 2020.

Meanwhile, Eurex’s OTC clearing business saw mixed gains over the last year, with total volumes jumping 15 percent in November to EUR 21.2 trillion from 18.5 trillion EUR in the same month last year. In terms of its average daily cleared volumes, the ADV figure rose 11 percent year-on-year to EUR 159 billion in November from EUR 144 billion a year earlier.

The Eurex FX offering of classic FX futures and options, in combination with the rolling spot futures, allows traders to manage their FX exposures with listed products.

The pan-European exchange has made efforts over the past year to expand its FX trading business, most recently signing major banks to support their FX futures, from clearing to trading.

Eurex’s currency trading desk currently offers various FX derivatives products, including FX futures available in 19 currency pairs, all with quotation and tick sizes in-line with existing OTC FX standards. A liquidity scheme caters for tight pricing and competitive liquidity, it says.

Eurex sets sights on crypto business

Most recently, the European derivatives exchange, owned by financial titan Deutsche Börse Group, expanded its FX Futures coverage with the addition seven new FX Futures on Scandinavian currencies

The launch follows news earlier this year that Eurex had launched clearing for deliverable cross-currency swaps and OTC FX products following a test phase. The clearing service makes it the first clearinghouse to physically settle cleared cross-currency swaps via CLS’s settlement service, CLSClearedFX.

The Eurex FX offering of classic FX futures and options in combination with the rolling spot future allows traders to manage their FX exposures with listed products.

Earlier in August, the European derivatives exchange launched trading on bitcoin exchange-traded note (ETN) futures.

The Germany-based trading venue said the novel ETN futures contract is physically backed by bitcoin and tracks the BTCetc Bitcoin Exchange According to the announcement, this centrally cleared offering is the first regulated market in Bitcoin-related derivatives in Europe.

There are now three bitcoin ETNs listed on Germany’s Xetra platform. ETC Group was first listed in June 2020, followed by crypto ETP issuer 21Shares and US asset manager VanEck.