Eurex Repo Division Saw Record 2014

Eurex, Germany’s derivatives market, posted strong growth in its securities lending business, Eurex Repo, last year in which it achieved several records.
By Joe Parsons(2147488729)
Eurex, Germany’s derivatives market, posted strong growth in its securities lending business, Eurex Repo, last year in which it achieved several records.

Combined average outstanding volumes for GC Pooling and the Euro Repo markets reached a record level of around 200 billion euros on an annual basis, in which the secured money market GC Pooling totalled 158.5 billion euros, a yearly increase of 3%.

Eurex reports that the GC Pooling market recorded for the first time more than 100 active participants on a daily basis.

Furthermore throughout the year Eurex Clearing, its clearing house, saw two new participants, most notably Morgan Stanley, join its SecLend CCP market.

“We are very pleased by the continuing growth of our markets despite the negative interest rate environment,” says Marcel Naas, managing director, Eurex Repo.

“The significant increase in the average number of quotes and transactions also supported the further establishment of our GC Pooling index family as an alternative to unsecured money market benchmarks.”

«