Eurex Reports More Than 1.25 billion contracts traded in 2005, Up 17.5%

The international derivatives exchange Eurex announced an increase of 17.5% to 1.25 million contracts traded in 2005, up from the 1.07 billion contracts traded in 2004. This corresponds to a daily average trading volume of 4.9 million contracts. The exchange's

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The international derivatives exchange Eurex announced an increase of 17.5% to 1.25 million contracts traded in 2005, up from the 1.07 billion contracts traded in 2004. This corresponds to a daily average trading volume of 4.9 million contracts.

The exchange’s report is based on the preliminary figures, which include an estimate for the last six exchange-trading days of the year.

Open interest on Eurex rose to a new record of over 113 million contracts for the first time. Open interest refers to the number of open positions in a future or options contract and is considered to be a key indicator of a derivatives market’s potential for sustainable future growth.

The fixed income derivatives segment remained the most successful segment in 2005, with a total of 661 million traded contracts, an increase of 15% on 2004’s volumes (574 million contracts).

The highest-turnover product was the Euro-Bund future with volume of some 300 million contracts, increasing 25% over the previous year’s figure (240 million contracts). It topped the Euro-Schatz future, in which some 141 million contracts were traded; at figure for 2004 was 123 million contracts.

Open interest in the Euro-Schatz contract has also risen 30% to 1.08 million since the introduction of half tick pricing in June 2005. Trading volume in the Euro-Bobl future was stable at 159 million contracts. The Euro-Buxl Future, which was successfully introduced in September, had a strong start with over 480,000 contracts traded in 2005.

In the equity-based products, Eurex volume increased by about 20%, to more than 590 million contracts traded, compared with 491 million contracts in 2004. The index products segment saw 20% growth in 2005 with 335 million contracts traded (2004: 279 million contracts). The future on the DJ Euro-STOXX 50 was the strongest in this segment, with 141 million contracts traded. The equity options segment turned over 256 million contracts, increasing by about 21%.

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