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) $ 19,257.00 4.89%
ethereum
Ethereum (ETH) $ 608.92 2.09%
ripple
XRP (XRP) $ 0.674517 23.86%
tether
Tether (USDT) $ 0.997332 0.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 347.23 10.36%
chainlink
Chainlink (LINK) $ 15.65 5.10%
litecoin
Litecoin (LTC) $ 90.28 3.19%
polkadot
Polkadot (DOT) $ 5.77 0.79%
cardano
Cardano (ADA) $ 0.169293 11.90%
binancecoin
Binance Coin (BNB) $ 33.28 9.85%
S&P 500  ^GSPC 
$3,630.18  $52.59  (1.47%)
Dow Jones Industrial Average  ^DJI 
$30,075.72  $484.45  (1.64%)
NASDAQ Composite  ^IXIC 
$11,999.20  $118.56  (1.00%)
Russell 2000  ^RUT 
$1,856.10  $37.80  (2.08%)
Crude Oil Jan 21  F*CL.NYM 
$44.95  $1.89  (4.39%)
   
$0.0000  $0.0000  (0.00%)