International derivatives exchange Eurex has reported that a total of 183 million contracts traded in March, down from 199 million contracts in the same month of 2007. The daily average volume was 9.6 million in March and 9.1 million contracts in the first quarter of this year, an increase of 26 per cent from 7.3 million in the first quarter of last year, with a total of 570 million contracts traded compared with 467 million.
The equity index derivatives segment totalled 84.5 million contracts, slightly less than the 87.4 million contracts traded in March 2007. The future on the Dow Jones Euro Stoxx 50 recorded its second best monthly volume with 40.5 million contracts, up from 30.3 million contracts a year earlier. Turnover of the Dax future grew by some 20 per cent year on year to 4.4 million contracts.
In the equity derivatives segment, 28.8 millions contracts were traded, down from 31.6 million in March 2007, with Allianz options the largest single equity option at 3.9 million contracts. Single stock futures recorded 2.8 million contracts in March.
Some 69.5 million contracts were traded in the fixed-income derivatives segment, down from 80 million a year earlier. Around 28 million contracts were traded in the Euro-Bund future, while the Euro-Schatz future saw its third best month for trading volume with 19.7 million contracts. The Euro-Bobl future recorded 16 million contracts and the Euro-Buxl future 213,000.
The International Securities Exchange, which became part of Eurex at the end of last year, saw its daily average volume rise from 2.8 million contracts in March 2007 to 4.2 million, while total volume increased by 36 per cent from 62.3 million to 84.9 million options.
Eurex Repo, which operates Swiss franc and euro repo markets, saw its secured money market segment Euro GC Pooling achieve a new daily record on February 24 with daily outstanding volume of EUR46.2bn. Average outstanding volume also set a new record in the first quarter with EUR32.7bn, up by 197 per cent from EUR10.9bn a year earlier.
The combined Eurex Repo markets set a new record with an average outstanding volume of EUR110.7bn in the first quarter, an increase of 27 per cent from 2007. The electronic trading platform Eurex Bonds saw a volume of EUR9.5bn (single counting) in March, up from EUR8.5bn the month before.