Trading volume at the international derivatives exchange Eurex reached 179.5 million contracts in July, a rise of 11 per cent from 162.4 million in July 2007, and the average daily trading
Trading volume at the international derivatives exchange Eurex reached 179.5 million contracts in July, a rise of 11 per cent from 162.4 million in July 2007, and the average daily trading volume was up from 7.4 million to 7.8 million contracts. The most notable driver of growth was the equity index derivatives segment, which saw volume rise 17 per cent from 1.13 billion contracts over the first seven months 2007 to 1.32 billion so far this year.
Equity index derivatives saw the strongest growth, rising 43 per cent from 62.5 million contracts in July 2007 to 89.3 million. This included 37.6 million Dow Jones Euro Stoxx 50 index future contracts, up from 27.2 million a year ago, and 34.8 million Dow Jones Euro Stoxx 50 index option contracts, up from 19.8 million.
Trading volume in equity options and single stock futures rose 40 per cent from 26.8 million in July 2007 to 37.4 million. Turnover in the fixed income segment fell 28 per cent, from 73.1 million contract in July last year to 52.8 million. Trading volumes were 20.8 million contracts for the Euro Bund future, 12.8 million for the Euro Bobl future and 12.5 million for the Euro Schatz future.
At the International Securities Exchange, which has been a subsidiary of Eurex since the end of last year, the daily trading volume of US options averaged 4.63 million contracts, up 29 per cent from 3.58 million in July 2007. Total trading volume increased by 36 per cent from 75.1 million contracts to 101.8 million.
Eurex Repo, which operates Swiss franc and euro repo markets, set a new record in July with an average outstanding volume across all markets of EUR138.1bn, up by 53 per cent from EUR90.4bn a year earlier. The secured money market segment, Euro GC Pooling, also set a new record with an average outstanding volume of EUR40.9bn, an increase of 305 per cent from EUR10.1bn in July 2007.
The electronic trading platform Eurex Bonds saw trading volume of EUR10.7bn (single counting) in July, up from EUR8.7bn the previous month but down from EUR12.1bn in July 2007.
