The international derivatives markets of Eurex closed out 2009 with a turnover of more than 2.65 billion contracts, compared with 3.17 billion in the record year 2008. This years figure splits into 1.7 billion contracts traded at Eurex and 960 million contracts traded at the International Securities Exchange (ISE). This corresponds to a daily average trading volume of 10.5 million contracts compared with 12.5 million y-o-y.
At Eurex, equity index derivatives were the largest segment in 2009 with a total volume of 798 million contracts (2008: 1 billion). Derivatives on the Dow Jones EURO STOXX 50 index were the largest single product with 333 million futures and 300 million options. The equity derivatives segment (options and single stock futures) saw 421 million contracts (2008: 480 million). In 2009, the interest rate derivatives segment reached a total of 466 million contracts (2008: 658 million). The dividend derivatives product suite, launched in summer 2008, recorded the strongest growth and totaled 2.6 million contracts.
In December 2009, the Eurex derivatives markets reached an average daily volume of 8.85 million contracts; thereof 6.15 million contracts traded at Eurex (Dec 2008: 6.15 million) and 2.7 million contracts traded at the ISE (Dec 2008: 2.66 million). In December, a total of 179.2 million contracts were traded on both exchanges, thereof Eurex with 123.0 million (Dec 2008: 116.8 million) and ISE with 59.8 million contracts (Dec 2008: 58.6 million).
At Eurex, equity index derivatives recorded the highest turnover among all product segments in December 2009 with 54.5 million contracts (Dec 2008: 64.0 million). The top equity index derivative was the future on the Dow Jones EURO STOXX 50 index with 26.0 million contracts; another 16.1 million options on this index were traded.
29.0 million contracts were traded in equity derivatives, compared with 21.2 million y-o-y. Within this segment, equity options traded 19.5 million contracts and single stock futures another 9.5 million contracts. A total of 39.2 million contracts were traded in the interest rate derivatives segment in December 2009, an increase of 25.5% compared to the same period last year (Dec 2008: 31.2 million).
Eurex Repo, which operates CHF and EUR repo markets, continued to grow in 2009. All Eurex Repo markets grew by 16% and reached average outstanding volume of 152.5 billion euro. The secured money market segment, GC Pooling, had a new record with average outstanding volume of 73.0 billion euro. In December 2009, the Eurex Repo markets totaled an average outstanding volume of 146.8 billion euro, thereof GC Pooling with the new record figure of 84.3 billion euro (Dec 2008: 57.8 billion euro).
The electronic trading platform Eurex Bonds, which rounds out Eurexs fixed-income product range, traded volume of 5.2 billion euro (single counting) in December 2009; in December 2008 it was 4.9 billion euro. In 2009, Eurex Bonds traded a total volume of 87.3 billion euro (single counted), compared with 97.4 billion euro in 2008.
D.C.