In March 2011, the international derivatives exchanges of Eurex Group recorded an average daily volume of 11.8 million contracts (March 2010: 10.0 million). Of those, 8.7 million were Eurex Exchange contracts (March 2010: 7.1 million), and 3.1 million contracts (March 2010: 3.0 million) were traded at the US-based International Securities Exchange (ISE).
The significant growth of Eurex Exchange turnover is due to the increasing use of exchange-traded and centrally cleared derivatives in the current market environment, which was driven by high volatility and uncertainty. In total, 199.1 million contracts were traded at Eurex Exchange and 70.5 million at the ISE.
In its largest segment – equity index derivatives – Eurex Exchange grew by 40 percent and achieved 97.2 million contracts (March 2010: 69.5 million), of these 55.4 million were index futures and 41.8 million were index options. Futures on the EURO STOXX 50® Index stood at 46.1 million contracts and 32.1 million on the index options. Futures on the DAX index totalled 4.9 million contracts while the DAX options reached another 8.2 million contracts. The Eurex KOPSI Product recorded approximately 217,000 contracts, an ADV of almost 10,000 contracts.
The equity derivatives (equity options and single stock futures) segment at Eurex Exchange recorded 32.1 million contracts (March 2010: 36.4 million). Thereof, equity options totalled 25.7 million contracts and single stock futures equaled another 6.4 million contracts.
Eurex Exchange’s interest rate derivatives segment grew by 21 percent and achieved 69.0 million contracts (March 2010: 57.3 million). The Euro-Bund-Future reached 25.0 million contracts, the Euro-Bobl-Future 16.6 million contracts and the Euro-Schatz-Future 20.1 million contracts. The Euro-BTP-Future totalled more than 220,000 contracts and the Short Term Euro-BTP-Future approximately 75,000 contracts.
The segment dividend-based derivatives continued to grow and recorded approximately 467,000 contracts, an increase of 32 per cent. Volatility derivatives totalled 148,000 contracts.
Eurex Repo, which operates CHF-, EUR repo and GC Pooling markets, reported continued growth. All Eurex Repo markets grew by 48 per cent in March 2011 and achieved 271.3 billion euro average outstanding volume (March 2010: 183.6 billion euro). The secured money market GC Pooling recorded an average outstanding volume of 98.7 billion euro, an increase of 23 percent year-on-year (March 2010: EUR80.5 billion). The EUR Repo Market reached an average outstanding volume of EUR126.7 billion in March, an increase of 24 percent y-o-y.
The electronic trading platform Eurex Bonds, which rounds out Eurex’s fixed-income product range, traded 10.1 billion euros (single counting) in March, compared to EUR13.3 billion in March 2010. In February 2011, volume was EUR8.1 billion.