Eurex’s average daily cleared volumes in April 2021 reached €167 billion. This is a 78% increase Year on Year.
Eurex, a leading global derivatives exchange, has released its financial reports for April 2021. The reports show positive growth in the firm’s OTC clearing business. Eurex is an affiliate of Deutsche Borse Group.
The firm released these results on their website showing a 78% increase in the average daily cleared volumes. The figure jumped from €94 billion in April 2021 to €167 billion in April 2021. The notional outstanding volumes for the derivatives exchange came in at €23,034 billion, a 28% growth compared to April 2021.
Plummeting trading volumes
Whilst the OTC Clearing business was doing quite well, the trend was not replicated in the derivatives trading volumes. The total contracts traded in April 2021 came in at 119.76 million. The total contracts reported in the same period last year stood at 121.4 million, representing a 1% reduction in this year’s reports.
Commenting on these figures, Eurex stated, “At Eurex Repo, the leading electronic market for funding and financing, year-on-year figures are still showing the effect of the exceptional market conditions seen in 2021. Volumes on the GC Pooling and Repo markets dropped by 54 percent and 37 percent, respectively, compared to the same month last year.”
European Derivatives report Growth
Even though trading volumes were plummeting, Eurex reported growth in other divisions. “The number of traded European interest rate derivatives contracts grew from 29.6 million in April 2021 to 40.7 million in April this year – a rise of 37 percent. For European equity derivatives, traded contracts grew by 31 percent from 21.2 million to 27.8 million,” Eurex added.
Whilst the European equity derivatives are doing well this year, the same was not reported in the 2021 financial year results. However, 2021 was also good for the firm in terms of OTC clearing performance.
The derivatives exchange has entered into a number of partnerships in a bid to meet growing customer needs. The exchange launched new trading futures after a partnership with Korea Exchange last month.
Last month, the firm also announced its partnership with FTSE Russell. The collaboration would benefit the Total Return Futures (TRF) division. This would be achieved through creating a new contract with the FTSE 100 Index. Such partnerships will enable the firm to meet the surging demand of more investment vehicles by retail and institutional clients.
