November 2023 figures at Eurex
November 2023 figures at Eurex
- Total Eurex volume grew by 18 percent in November year-on-year.
- Total repo volumes up 65 percent to EUR 402 billion plus a new record high in term-adjusted repo volume.
- Notional outstanding in OTC Clearing up 16 percent year-on-year in November.
Eurex, Europe’s leading derivatives exchange, reports an 18 percent year-on-year increase in traded contracts for November, from 141.8 million to 167.5 million contracts. Interest rate derivatives saw strongest growth up 63 percent, from 47.4 to 77.4 million contracts traded in November. Equity derivatives grew by 21 percent to 22.8 million contracts in November from 18.8 million contracts in the same month last year. By contrast, turnover in index derivatives decreased by 11 percent year-on-year in November, from 75.3 million to 67.1 million traded contracts.
In OTC Clearing, notional outstanding volumes increased 16 percent in November year-on-year to EUR 31,663 billion from EUR 27,344 billion in November last year. Thereof, notional outstanding volumes in interest rate swaps increased 8 percent to EUR 13,873 billion and notional outstanding in overnight index swaps increased 20 percent to EUR 3,021 billion.
Eurex Repo, Eurex’s leading electronic market for secured funding and financing, again recorded a strong increase in daily GC Pooling volumes in November, up 160 percent to EUR 179.9 billion, whereby total average daily term-adjusted repo volume grew by 65 percent year-on-year in November to EUR 402.5 billion. On 28 November, Eurex Repo achieved a new daily record of EUR 1.53 trillion of term-adjusted volume in its repo markets.
Business overview – November 2023
November 2023 | November | Change | |
Financial derivatives: traded contracts Eurex Exchange | |||
Index derivatives (million) | 67.1 | 75.3 | -11% |
Interest rate derivatives (million) | 77.4 | 47.4 | +63% |
Equity derivatives (million) | 22.8 | 18.8 | +21% |
Total (million)1 | 167.5 | 141.8 | +18% |
OTC Clearing2 | |||
Notional outstanding volumes (billion EUR) | 31,663 | 27,344 | +16% |
- of which interest rate swaps (billion EUR) | 13,873 | 12,849 | +8% |
- of which overnight index swaps (billion EUR) | 3,021 | 2,516 | +20% |
Average daily cleared volumes (billion EUR) | 160 | 170 | -6% |
- of which interest rate swaps (billion EUR) | 24 | 21 | +17% |
- of which overnight index swaps (billion EUR) | 14 | 17 | -15% |
Compression volumes (billion EUR) | 163 | 162 | +0.6% |
Repo: Average daily term-adjusted volume on Eurex Repo | |||
GC Pooling3 (billion EUR) | 179.9 | 69.3 | +160% |
Repo Market (billion EUR) | 222.5 | 175.3 | +27% |
Total (billion EUR) | 402.4 | 244.6 | +65% |
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.