Eurex reports solid trading volumes for 2021

abdelaziz Fathi

Eurex, a global derivatives exchange, reported its operational metrics for December 2021, which were largely mixed on a yearly basis, but European interest rate derivatives were the standout performer.

During December 2021, Eurex disclosed that a total of 146.2 million contracts were traded across its financial derivatives, which include European equity index, interest rate, and equity derivatives. This figure was down by two percent over a yearly timeframe, compared to 148.9 million contracts reported back in December 2020.

Meanwhile, Eurex’s OTC clearing business saw mixed gains over the last year, with total volumes jumping 21 percent in December to EUR 20 trillion from 16.5 trillion EUR in the same month last year. In terms of its average daily cleared volumes, the ADV figure rose 3 percent year-on-year to EUR 78 billion in December from EUR 76 billion a year earlier.

FX and CFD brokers must go multi asset: Join free webinar from TraderEvolution to learn how

Taking a full year perspective, OTC Clearing at Eurex continued its strong showing in 2021 with overall notional outstanding volumes growing by over 20 percent. Over the same period, average daily cleared volumes grew by 9 percent from 122 billion to 133 billion.

Looking at specific products, the Overnight Index Swaps business grew by 169 percent in terms of notional outstanding – from EUR 721 billion to EUR 1,941 billion– and by 74 percent in terms of average daily cleared volumes – from 5 billion EUR to 8 billion EUR. Notional outstanding and average daily cleared volumes for Interest Rate Swaps grew by 36 percent and 20 percent year-on-year, respectively.

In terms of traded contracts, European interest rate derivatives were the standout performer, growing by 14 percent from 528.5 million in 2020 to 603.2 million in 2021.

Overall volumes across all products fell 8 percent, from 1,861.4 million traded contracts in 2020 to 1,703.3 million in 2021. 2020 was, of course, an exceptional year in terms of the unprecedented volatility seen at the start of the pandemic.

The Eurex FX offering of classic FX futures and options, in combination with the rolling spot futures, allows traders to manage their FX exposures with listed products.

The pan-European exchange has made efforts over the past year to expand its FX trading business, most recently signing major banks to support their FX futures, from clearing to trading.

Eurex’s currency trading desk currently offers various FX derivatives products, including FX futures available in 19 currency pairs, all with quotation and tick sizes in-line with existing OTC FX standards. A liquidity scheme caters for tight pricing and competitive liquidity, it says.

Read this next

Retail FX

ThinkMarkets expands CFDs lineup to over 4000 ETFs and shares

ThinkMarkets has expanded its service offering by incorporating 2500 new CFDs on shares and ETFs on its ThinkTrader platform.

Retail FX

France regulator warns investors of Omega Pro, Businessempire.fr

France’s financial markets regulator alerted investors that scams related to Omega Pro Ltd are beginning to circulate, with the blacklisted firm capitalizing on the situation to run a range of “unrealistic” offers.

Digital Assets

Web3 platform Grand Time paid $2 million in token earnings to date

Community-driven Web3 platform Grand Time said its offering – which includes a multifaceted platforms and its native token – has been gaining significant traction highlighted by impressive operational metrics.

Institutional FX

FX volumes at MOEX halved in April as ruble gains gorund

Currency trading at Moscow Exchange (MOEX) halted its upward route in April as monthly volumes nearly halved from a month earlier.

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.

Technology

Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.

<