Total Volume Reach Roughly 2.17 Billion Contracts in 2008
Average daily volume approx. 8.5 million contracts / Equity index derivatives segment with strongest growth year-on-year (up 36 percent) / Turnover of 117 million contracts in December 2008
The international derivatives exchange Eurex closed out 2008 with a record turnover of more than 2.17 billion contracts (without ISE figures), an increase of 14 percent compared with 1.9 billion contracts in 2007. This corresponds to a daily average trading volume of 8.5 million contracts compared with 7.5 million in 2007.
Equity index derivatives had the highest growth rate in 2008 and for the first time became the largest segment; total volume rose by 36 percent and reached more than 1 billion contracts (2007: 754 million). Derivatives on the DJ Euro STOXX 50® index are the largest single product with 432 million futures and 401 million options. The equity derivatives segment (options and single stock futures) saw 480 million contracts, an increase of 28 percent (2007: 375 million). In 2008, the interest rate derivatives segment reached a total of 658 million contracts (2007: 771 million).
In December 2008, 117 million contracts were traded, compared with 118 million contracts in December 2007. Equity index derivatives recorded the highest turnover among all product segments in December 2008 with 64 million contracts (Dec 2007: 55 million). The top equity index derivative was the future on the DJ Euro STOXX 50 index with 31 million contracts, a 20 percent increase against December 2007; another 22 million options on the DJ Euro STOXX 50 index were traded.
21.2 million contracts were traded in equity derivatives, compared with 19.7 million a year ago. Within this segment, equity options made up 18.7 million contracts and single stock futures another 2.5 million contracts. A total of 31 million contracts were traded in the interest rate derivatives segment in December 2008 (Dec 2007: 43.5 million).
At the International Securities Exchange (ISE), which has been part of Eurex since December 2007, total options contracts traded in 2008 increased 24 percent to a record 1.0 billion contracts (2007: 804 million). The average daily trading volume of all options increased to an annual record of 4.0 million contracts traded as compared to 3.2 million contracts traded in 2007. In December 2008, US options reached an average daily trading volume of 2.7 million contracts (Dec 2007: 3.1 million), in total 58.6 million contracts were traded in December.
Eurex Repo, which operates CHF and EUR repo markets, set new records in December 2008 in its secured money market segment GC Pooling. On 24 December the daily outstanding volume peaked at EUR 61.4 billion. Average outstanding volume on a monthly basis was at EUR 57.8 billion, an increase of 153 percent year-on-year (December 2007: EUR 22.8 billion). Altogether, the Eurex Repo markets grew by 46 percent in December and reached an average outstanding volume of EUR 144.4 billion. Comparing average outstanding volumes for the whole year Euro GC Pooling increased by 200 percent from EUR 13.9 (2007) to EUR 41.7 billion.
The electronic trading platform Eurex Bonds, which rounds out Eurex’s fixed-income product range, traded volumes of EUR 4.9 billion (single counting) in December 2008; in December 2007 it was EUR 9.6 billion. In 2008, Eurex Bonds traded a total volume of EUR 97.3 billion (single counted), compared with EUR 145.6 billion in 2007.
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