Eurex trading volume grows 64 per cent to 175 million contracts

The international derivatives exchange Eurex saw around 175.1 million contracts traded in August, a rise of 64 per cent from 107 million in August 2006, while the daily average trading volume was 7.6 million contracts, compared with 4.6 million a year earlier.

Growth was driven by the equity index and fixed-income derivatives segments, while open interest reached a new record at the end of August with more than 130 million contracts.

The equity index derivatives segment grew by 126 per cent to 79.3 million contracts, up from 35.1 million in August 2006 and the third best monthly figure ever. The most traded Eurex product was the Dow Jones Euro Stoxx 50 index future with 36.7 million contracts, compared with 15 million the previous August, while a further 25.9 million contracts were traded in the Dow Jones Euro Stoxx 50 index option, up 124 per cent; both were the second-best monthly figures. Dax options and futures accounted for a combined volume of 14 million contracts.

Contract turnover in the fixed income segment was 67.6 million contracts, an increase of 35 per cent from 50 million in August 2006. The Euro Bund future rose by 35 per cent from 20.8 million contracts to 28.1 million, while the Euro Schatz future rose 60 per cent year-on-year to 18.5 million contracts. The Schatz option accounted for a further 2 million contracts.

Trading volume in equity options and single stock futures accounted for 28.2 million contracts, up from 21.9 million in August 2006. The most heavily traded equity option was Allianz with 3.1 million contracts, while the most heavily traded single stock future was on Banco Santander with 691,900 contracts.

Eurex Repo, which operates Swiss franc and euro repo markets, set a new record in August in its money market segment Euro GC Pooling. Daily outstanding volumes reached EUR14.6bn, compared with EUR11.9bn in August 2006, while daily traded volumes peaked at EUR37bn. Overall the Eurex Repo markets grew by 19 per cent, while daily outstanding volumes were EUR95.1bn, compared with EUR80.1bn a year earlier.

Approximately EUR13.6bn (single counting) was traded in July on the electronic trading platform Eurex Bonds, which rounds out Eurex's fixed-income product range. This is an increase of 12 per cent from EUR12.1bn the previous month, and slightly up from EUR13.5bn the previous August.

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