Eurex Repo average daily volume rises 65% YoY for November
06 December 2023 Germany
Image: Lucky_Ai/stock.adobe.com
Trading volumes on Eurex Repo, the electronic market for secured financing, have increased by 65 per cent YoY to €402.4 billion for November.
This year-on-year growth was driven by a 160 per cent YoY increase in GC Pooling average daily term-adjusted volume to €179.9 billion and 27 per cent YoY growth in special repo average daily volume to €222.5 billion.
However, these repo volume numbers are down month-to-month across the Eurex platform, with aggregate average daily term-adjusted volume contracting almost 12.3 per cent since October. GC Pooling volume is down over 15 per cent month-on-month, but special repo daily term-adjusted volume has risen just over 1 per cent since October.
For OTC derivatives clearing, notional outstanding volumes have risen 16 per cent YoY to €31,663 billion.
This growth has been driven by 8 per cent YoY expansion in notional outstanding for interest-rate swaps to €13,873 billion for November, of which overnight index swap clearing volumes have risen 20 per cent YoY to €3,021 billion.
Average daily cleared volumes through Eurex Clearing have contracted 6 per cent YoY for November to €160 billion.
This features a 17 per cent YoY increase in average daily cleared volume for interest rate swaps, although overnight index swaps average daily cleared volume contracted 15 per cent YoY for November to €14 billion.
This year-on-year growth was driven by a 160 per cent YoY increase in GC Pooling average daily term-adjusted volume to €179.9 billion and 27 per cent YoY growth in special repo average daily volume to €222.5 billion.
However, these repo volume numbers are down month-to-month across the Eurex platform, with aggregate average daily term-adjusted volume contracting almost 12.3 per cent since October. GC Pooling volume is down over 15 per cent month-on-month, but special repo daily term-adjusted volume has risen just over 1 per cent since October.
For OTC derivatives clearing, notional outstanding volumes have risen 16 per cent YoY to €31,663 billion.
This growth has been driven by 8 per cent YoY expansion in notional outstanding for interest-rate swaps to €13,873 billion for November, of which overnight index swap clearing volumes have risen 20 per cent YoY to €3,021 billion.
Average daily cleared volumes through Eurex Clearing have contracted 6 per cent YoY for November to €160 billion.
This features a 17 per cent YoY increase in average daily cleared volume for interest rate swaps, although overnight index swaps average daily cleared volume contracted 15 per cent YoY for November to €14 billion.
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