Eurex Group's Trade Volume Drops Slightly in 2013

Eurex Group trade volume reached approximately 2.2 billion derivatives contracts during 2013, down slightly from the 2.3 billion contracts traded in 2012.

The volume was split between 1.6 billion traded at Eurex Exchange and 639 million at the International Securities Exchange (ISE), compared to 1.7 billion for Eurex Exchange in 2012 and 632 million for ISE. Thus, the average daily trading volume for 2013 was 8.6 million contracts, with 6.1 million coming from Eurex Exchange and 2.5 million coming from ISE.

At Eurex Exchange, the equity index derivatives segment was the largest in 2013 with a total yearly volume of 644.8 million contracts, but this was down from 765.6 million in 2012. Derivatives on the EURO STOXX 50 index were the largest single product with 268.5 million futures and 225.1 million options.

2013 did see some gains over 2012, particularly for volatility derivatives, which grew 38% from 5.29 million contracts in 2012 to 7.3 million in 2013. Interest rate derivatives also saw gains, where 509.6 million contracts were traded in 2013 compared to 470.4 million in the year prior. Plus, dividend derivatives grew slightly from 6.9 million in 2012 to 7.1 million in 2013.

For December 2013 in particular, average daily volume contract was up at Eurex Exchange to 6.2 million contracts compared to 5.5 million in 2012. For the month, equity index derivatives had the highest turnover at 53.1 million contracts, up from 47.9 million in 2012.

For Eurex Repo, which operates Swiss Franc, Euro Repo and GC Pooling markets, 2013’s average outstanding volume reached €222.6 billion, down from €234.6 in 2012. However, this was due to a decline in Swiss Franc repo, as the secured money market GC Pooling hit a new record with an average outstanding volume of 153.8 billion euros, an increase of 6% year over year, and the Euro Repo market also reached a new peak of €36.5 billion, up slightly from 2012’s peak of €36.1 billion.