Eurex sees growth bounce for interest rate derivatives

In addition to strong figures related to interest rate derivatives, Eurex also saw total repo volumes increase by 54% year-on-year.

Eurex has released its June 2022 figures revealing strong growth in a number of sectors, with interest rate derivatives showing the strongest year-on-year growth.

Interest rate derivatives saw an increase of 42% year-on-year from 57.9 million traded contracts to 82.0 million, while index derivatives grew by 28% from 77.9 million traded contratcs to 99.3 million.

Eurex’s total traded derivatives contracts grew by 26% in June, from 167.7 million to 210.9 million in comparison to the same period last year. However, total contracts traded in equity derivatives fell by 8% percent to 29.2 million.

Despite two successful compression runs this year, Eurex’s outstanding notional volumes in OTC clearing continued to grow in June – with an overall increase by 21% year-on-year.

At the end of June, overall outstanding volume stood at €27,247 billion compared to €22,484 billion last year – with interest rate swaps and overnight index swaps posting growth of 24% and 132% respectively.

Contrastingly, average daily cleared volumes fell by 21% percent overall; however, interest rate swaps and overnight index swaps recorded strong growth here, up 34% and 125%, respectively.

Eurex Repo saw average daily term-adjusted volume grow by 54% compared to the same period last year, an increased from €124.8 billion to €191.8 billion.

Finally, the GC pooling market was up by 54% and the repo market grew by 53% year-on-year.