Eurex Reports Weak Derivatives Demand for July

Eurex, a subsidiary of the Deutsche Börse Group, has published its monthly volumes on Monday, showing a decline across all classes of derivatives products in July on a year-on-year basis.

The exchange pointed out that the European equity derivatives took the worst hit with a year-on-year decrease of 23 percent in the monthly volume.

For the entire derivatives market, including European equity index derivatives and European interest rate derivatives, Eurex witnessed a total year-on-year decrease of 13 percent with a monthly volume of €1.12 billion, compared to €1.3 billion in the same month the previous year.

According to the exchange, the ongoing uncertainty in dividend pricing is a challenge in the market.

Notably, in June, the European exchange reported excellent figures almost across all sectors. Month-on-month, the total derivatives market decreased by 41.6 percent.

OTC market remained positive overall

However, coming to the over-the-counter (OTC) clearing market, most of the reported numbers were positive for the month.

The average daily cleared volumes decreased by 13 percent in July to €99 billion, compared to the previous year’s same month’s figure of €114 billion, because of the reduced volumes in Forward Rate Agreements.

The notional outstanding volumes for the OTC market went up by 53 percent, while the interest rate swaps remained a solid performer with an increase in the average daily cleared volumes by 27 percent year-on-year.

In the repo market, Eurex’s business grew to €86.9 billion of average term-adjusted volume, growing 37 percent year-on-year.

The Eurex commodities market, however, echoed the derivatives segment and witnessed declines across all major product suite.

Meanwhile, Eurex is going to launch options on Euro-Buxl Futures (OGBX) next month, thus offering hedging and trading opportunities at the very long end of the interest rate curve.

bitcoin
Bitcoin (BTC) $ 10,949.67 0.09%
ethereum
Ethereum (ETH) $ 381.18 0.29%
tether
Tether (USDT) $ 1.00 0.00%
ripple
XRP (XRP) $ 0.249632 0.16%
polkadot
Polkadot (DOT) $ 4.91 5.99%
bitcoin-cash
Bitcoin Cash (BCH) $ 230.42 1.98%
chainlink
Chainlink (LINK) $ 10.42 3.11%
binancecoin
Binance Coin (BNB) $ 26.94 1.12%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.165811 0.27%
litecoin
Litecoin (LTC) $ 48.11 0.39%
S&P 500  ^GSPC 
$3,319.47  $37.54  (-1.12%)
Dow Jones Industrial Average  ^DJI 
$27,657.42  $244.56  (-0.88%)
NASDAQ Composite  ^IXIC 
$10,793.28  $116.99  (-1.07%)
Russell 2000  ^RUT 
$1,536.78  $5.82  (-0.38%)
Crude Oil Oct 20  F*CL.NYM 
$41.15  $0.0700  (-0.17%)
   
$0.0000  $0.0000  (0.00%)