The international derivatives exchanges of Eurex Group recorded an average daily volume (ADV) of 10.0 million contracts in November (November 2010: 10.2 million). Of those, 7.2 million were Eurex Exchange contracts (November 2010: 7.2 million), and 2.8 million contracts (November 2010: 3.0 million) were traded at the US-based International Securities Exchange (ISE). In total, 159.1 million contracts were traded at Eurex Exchange and 59.8 million at ISE.
At Eurex Exchange, equity index derivatives – the largest segment – recorded 85.1 million contracts (November 2010: 71.2 million), an increase of approximately 20 per cent y-o-y. Futures on the EURO STOXX 50 Index totalled 31.7 million contracts. The option on this blue chip index totalled 35.0 million contracts. Futures on the DAX index recorded 4.2 million contracts. The DAX options reached another 6.5 million contracts. The Eurex KOSPI Product recorded 4.2 million contracts, an ADV of 190,000 contracts – a new monthly record since its launch. On 9 November, a new daily peak was achieved with 387,935 contracts.
The equity derivatives (equity options and single stock futures) segment at Eurex Exchange reached 26.9 million contracts (November 2010: 33.9 million). Thereof, equity options totalled 20.6 million contracts and single stock futures equaled 6.3 million contracts. Equity derivatives volume y-o-y is influenced by the change of contract specifications: In the first quarter of 2011, Eurex Exchange increased the contract size of most equity options and single stock futures to match international standards, with the effect of potentially lower turnover in these products. The adjusted monthly volume figure in the equity derivatives segment in November would have been approximately 32.2 million contracts under the previous, old contract specifications.
Eurex Exchange’s interest rate derivatives segment totalled 46.2 million contracts (November 2010: 53.2 million). The Euro-Bund-Future reached 17.7 million contracts, the Euro-Bobl-Future 9.9 million contracts and the Euro-Schatz-Future 10.8 million contracts. The Euro-BTP-Future totalled more than 293,000 contracts.
The Eurex segment dividend-based derivatives totalled approximately 606,000 contracts; single stock dividend derivatives peaked at a new monthly record of around 153,000 contracts. Commodity derivatives reached around 49,000 contracts. Volatility derivatives achieved about 210,000 contracts.
Eurex Repo, which operates Swiss Franc, Euro Repo and GC Pooling markets, recorded 268.7 billion euros average outstanding volume in all repo markets (November 2010: 278.8 billion euros). The Euro Repo Market totalled an average outstanding volume of EUR181.4 billion in November, an increase of 47 per cent y-o-y. The secured money market GC Pooling recorded an average outstanding volume of 148.2 billion euros, an increase of 48 per cent y-o-y (November 2010: 100.1 billion euros). The Swiss Franc Repo market reached 87.3 billion euros.
The electronic trading platform Eurex Bonds, which rounds out Eurex’s fixed-income product range, traded 13.7 billion euros (single counting) in November, an increase of 33 per cent y-o-y (November 2010: 10.3 billion euros) and of 59 per cent compared with the previous month.