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Eurex trading volume slips back to 140.5 million contracts in November

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The international derivatives exchange Eurex traded a total of 140.5 million contracts in November (not including the trading volume of its International Securities Exchange subsidiary), c

The international derivatives exchange Eurex traded a total of 140.5 million contracts in November (not including the trading volume of its International Securities Exchange subsidiary), compared with 171.6 million contracts in November 2007 and 130.0 million 12 months earlier.

Open interest currently stands at 161.7 million contracts, compared with 144.1 million in November 2007. So far this year Eurex volumes have totalled 2.05 billion contracts, the first time the total has passed 2 billion and up 15 per cent from 1.78 billion between January and November 2007.

The highest turnover was in equity index derivatives, which amounted to 79.7 million contracts, up 9 per cent from 73.2 million a year earlier. The Dow Jones Euro Stoxx 50 Index future saw some 32.9 million contracts traded, as did the Euro Stoxx 50 Index option. The future on the dividends of the Dow Jones Euro Stoxx 50 Index set a new monthly peak of 48,500 contracts.

The equity derivatives segment, consisting of equity options and single stock futures, saw 26.4 million contracts traded, down from 34.6 million in November 2007, with equity options totalling 24.0 million contracts and single stock futures 2.4 million.

Interest rate derivatives saw 34.3 million contracts traded, down from 63.8 million a year earlier. The Euro Bund Future traded 12.7 million contracts, followed by the Euro Schatz Future with 9.0 million contracts and the Euro Bobl Future with 7.9 million.

At the International Securities Exchange, which has been part of Eurex since December 2007, average daily trading volume of US options totalled 3.4 million contracts, down from 4.3 million in October 2007, while the monthly total was 65.2 million contracts. So far in 2008 the average daily trading volume of all options has increased 28 per cent to 4.1 million contracts.

Eurex Repo, which operates Swiss franc and euro repo markets, set a new volume record. The secured money market segment, Euro GC Pooling, saw monthly outstanding volumes reach EUR50.2bn (up 139 per cent year on year), while daily outstanding volume set a new mark of EUR60.1bn. The euro repo market grew by 54 per cent year on year to an average outstanding volume of EUR144.1bn.

The Eurex Bonds electronic trading platform saw trading volume of EUR7.8bn (single counting) in November, down from EUR8.1bn the previous month and EUR10.2bn in October 2007.

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