Eurex US, the electronic US futures and options exchange launched by Deutsche Borse earlier this year, today reported its best monthly volume since the launch of the exchange in February.
In the month of July, trading volume on Eurex US rose more than 1000 percent to a total of 673,180 contracts, up from 58,134 contracts in June. Daily average volume traded on the exchange in July rose to 32,056 contracts per day, up from 2,768 contracts in June. Open interest on Eurex US more than tripled in July, reaching a new record of over 58,000 contracts, up from 17,895 on June 30.
“July has been the most successful month for Eurex US since the launch of the exchange,” says Satish Nandapurkar, CEO of Eurex US. “In a time of traditionally quieter markets, we have seen excellent liquidity, consistently active trading, and substantial growth in open interest. The first three weeks of our initiative to enhance trading in U.S. Treasury futures has seen broad participation from different client groups in the US and Europe. Our next step is to build on this growth.”
Eurex US opened its market for trading on 8 February 2004 and currently lists futures and options on 2-, 5- and 10-year Treasury notes and on 30-year Treasury bonds. With the introduction of the Global Clearing Link, Eurex US will expand its offering to include futures and options on Euro-denominated interest rate and index products. These products will include benchmark European products such as the German fixed income product suite Bund, Bobl and Schatz as well as products on the leading European indices DAX and DJ Euro STOXX 50.