The international derivatives markets of Eurex Group ended 2012 with a turnover of approximately 2.3 billion contracts, compared with 2.8 billion in 2011.
The total volume for 2012 splits into 1.7 billion contracts traded at Eurex Exchange (2011: 2.0 billion) and 631.8 million contracts traded at the International Securities Exchange (ISE) (2011: 778.1 million).
This corresponds to a daily average trading volume of 9.0 million contracts (2011: 11.1 million), thereof 6.5 million contracts at Eurex Exchange and 2.5 million contracts at ISE.
At Eurex Exchange, the equity index derivatives segment was the largest in 2012 with a total yearly volume of 765.6 million contracts (2011: 954.7 million). Derivatives on the Euro Stoxx 50 index were the largest single product with 315.2 million futures and 280.6 million options. The equity derivatives segment (options and single stock futures) saw 411.0 million contracts (2011: 449.6 million). In 2012, the interest rate derivatives segment reached a total of 470.4 million contracts (2011: 630.4 million).
Higher yearly volumes were recorded in the dividend and volatility derivatives segments: dividend derivatives grew by 15 per cent and totalled 6.9 million contracts. Volatility derivatives totalled 5.3 million contracts, an increase of roughly 120 per cent. The Eurex KOSPI Product could almost double its volume and reached 32.4 million contracts (2011: 17.4 million).
In December 2012, the Eurex Group derivatives markets reached an average daily volume of 7.9 million contracts with 5.5 million contracts traded at Eurex Exchange (Dec 2011: 5.9 million) and 2.4 million contracts traded at the ISE (Dec 2011: 2.3 million). A total of 152.4 million contracts were traded on both exchanges in December 2012 with 104.1 million at Eurex Exchange and 48.3 million contracts at ISE.
At Eurex Exchange, equity index derivatives recorded the highest turnover among all product segments with 47.9 million contracts (Dec 2011: 67.4 million). The top equity index derivative was the future on the Euro Stoxx 50 index with 21.6 million contracts, and 14.4 million options on this index were also traded. A total of almost 23.6 million contracts were traded in the equity derivatives segment, compared with 23.6 million in Dec 2011. Within this segment, equity options traded 13.1 million contracts and single stock futures another 10.5 million contracts. A yearly total of 31.5 million contracts were traded in the interest rate derivatives segment in December, compared with 32.6 million in the same period last year.
The Eurex segment dividend-based derivatives totalled approximately 500,000 contracts. Commodity derivatives reached around 67,000 contracts. Volatility derivatives achieved about 678,000 contracts (+300 per cent).
The volume traded on the Power Derivatives Market of European Energy Exchange (EEX) amounted to 85.1 terawatthours (TWh) in December 2012 (Dec 2011: 65.7 TWh). On the EEX Spot and Derivatives Market for natural gas the volume traded amounted to 6.9 TWh (Dec 2011: 6.6 TWh). A volume of 42.2 million tonnes of CO2 was traded on the Spot and Derivatives Market for CO2 Emission Allowances, compared with 2.6 million tonnes of CO2 in December 2011.
Eurex Repo, which operates CHF Repo, Euro Repo and GC Pooling markets, reached an average outstanding volume of EUR234.7bn across all repo markets in 2012 (2011: EUR276.6bn). The secured money market GC Pooling hit a new record with an average outstanding volume of EUR145.4bn, an increase of 23 per cent y-o-y; the Euro Repo market totalled at the new peak of EUR36.1bn, an increase of 19 per cent.
In December 2012, the combined volume reached EUR227.1bn, the GC Pooling market reached EUR151.5bn (an increase of eight per cent y-o-y); and the Euro Repo market recorded an average outstanding volume of EUR39.5bn, an increase of 15 per cent.
The electronic trading platform Eurex Bonds, which rounds out Eurex’s fixed-income product range, traded EUR6bn (single counting) in December 2012 compared to EUR8.3bn in December 2011. In 2012, Eurex Bonds’ trading volumes grew by two per cent and totalled EUR119.7bn (single counting), compared with EUR117.2bn in 2011.
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