At Eurex Repo, total monthly term-adjusted volume grew by 11% compared to February last year, up from €171.5 billion ($186.7bn) to €190.7 billion, down from January’s €200.6 billion. The Repo Market grew by 25% while GC Pooling showed a contraction of 4% in February yoy.
Note: GC Pooling includes all currencies
Notional outstanding volumes in OTC Clearing grew strongly in February, climbing 30% overall compared to the same month last year – from €19,903 billion to €25,933 billion with Interest Rate Swaps and Overnight Index Swaps posting growth of 39% and 162%, respectively. Average daily cleared volumes also grew by 10% overall, with Interest Rate Swaps (up 69%) and Overnight Index Swaps (up 148%) again beating the overall growth figure.
Total traded derivatives contracts at Eurex grew by 17% in February from 142 million to 166.4 million compared to the same month last year. Equity index derivatives was the standout sector with 28% year-on-year growth, from 61.7 million traded contracts to 78.8 million, while interest rate derivatives grew by 18%, from 55.5 million traded contracts to 65.6 million. Total contracts traded in equity derivatives dropped by around 12%.