Eurex repo market YoY figures slump 12 April 2021Germany Reporter: Alex Pugh
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Eurex saw its GC Pooling and Repo Market volumes decline from the highs of March and April last year, thanks to the lack of recurring pandemic-inspired volatility first seen at the same time this year.
The lack of volatility in March and April 2021 saw volumes on the GC Pooling and Repo Market trading venues decline 59 per cent and 22 per cent, respectively.
In the same vein, thanks to the relative calm of March and April this year, YoY volumes for European equity index derivatives and interest rate derivatives fell 51 per cent and 3 per cent, respectively.
But Eurex’s notional outstanding volumes increased 21 per cent in March compared to the same time last year, from €17.58 trillion to €21.22 trillion.
And average daily cleared volumes jumped by 140 percent, from €75 billion to €181 billion — with the interest rate swaps IRS average daily value showing a 96 percent increase.
The figures followed a 20 per cent YoY rise in notional outstanding volumes in February at the international exchange for European based derivatives.
European equity derivatives saw 32.6 million contracts traded in March 2021 compared to 34.7 million in the same month in 2020 — modest growth at 7 per cent, according to Eurex.
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