International derivatives market Eurex announced on Friday that exchange-wide open interest had risen to 76.4 million contracts, an increase of 22% on the same month in the previous year and the highest level ever on the exchange.
Across all major product segments, total open interest was at record levels. The Fixed Income Derivatives segment set a new total record, with over 4.6 million contracts in open interest for the first time. The Euro-Bund Future, the most heavily traded contract on the exchange, set a new open interest record of 1.4 million contracts, as did the option on the Euro-Bund Future, with an open interest of 1.5 million contracts.
Equity options also showed particularly strong growth, with a record open interest of 49.3 million contracts. Open interest in the regional equity option segments was also at a record high – with new records set in German, Dutch and Italian equity options. Open interest among equity index derivatives also recorded its highest ever level of 22.4 million contracts, with 14.6 million open positions in options on the DJ Euro STOXX 50. Open Interest in pan-European sector index derivatives was also at record levels.
Open interest represents the number of open positions in a futures or option contract and is regarded as an important indicator of the sustainable future growth of a derivative product.