Trading on Eurex increases more than 20% to 80 million contracts in December helping Eurex to a record year in 2004.
The international derivatives market Eurex has closed out 2004 with a record volume of 1.07 billion contracts, compared to 1.014 billion contracts in 2003. In December 2004, trading volume continued to rise on Eurex: 80.1 million contracts were traded and settled, an increase of around 21% year-on-year.
At around 61 million contracts, open interest rose by around 35% y-o-y. The number of open positions (open interest) is considered one of the most important indicators for the future growth of a derivatives market.
The products with the strongest volumes in December were once again the capital market products, which accounted for approximately 46 million contracts, an increase of around 40% over December 2003. The Euro-Bund future was once again Eurex’s most successful product at 20.2 million contracts, a rise of near 50% y-o-y. Trading volume in the Euro-Bobl future was up 35 percent y-o-y at 12.5 million contracts, while trading in the Euro-Schatz future rose 27%, to 9.2 million contracts.