Eurex Reports Jump in OTC Clearing Business during April 2021

Average daily cleared volumes spiked 78% last month.

Eurex, an international derivatives exchange and a member of the Deutsche Börse Group, released its trading numbers today for April 2021. The exchange reported a strong month for its OTC Clearing business.

According to the official announcement, average daily cleared volumes at Eurex reached €167 billion in April 2021, which is up 78% compared to €94 billion in April 2020. The exchange reported overall notional outstanding volumes of €23,034 billion, which is a jump of 28% compared to the same period last year.

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Despite the latest surge in its OTC Clearing business, Eurex saw a mixed picture in derivates trading volumes. A total of 119.76 million contracts were traded during April 2021, which is down by nearly 1% compared to 121.4 million in April 2020.

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“At Eurex Repo, the leading electronic market for funding and financing, year-on-year figures are still showing the effect of the exceptional market conditions seen in 2020. Volumes on the GC Pooling and Repo markets dropped by 54 percent and 37 percent, respectively, compared to the same month last year,” Eurex mentioned in the official announcement.

In March 2021, Eurex collaborated with FTSE Russell to expand its pioneering Total Return Futures (TRF) segment through a new contract on the FTSE 100 Index.

Growth in European Derivatives

Despite a small drop in overall derivatives contracts, Eurex reported strong performance in European interest rate derivatives and European equity derivatives. “The number of traded European interest rate derivatives contracts grew from 29.6 million in April 2020 to 40.7 million in April this year, a rise of 37 percent. For European equity derivatives, traded contracts grew by 31 percent from 21.2 million to 27.8 million,” the exchange added.

Finance Magnates earlier reported about a dip in European equity derivatives at Eurex during 2020. However, the exchange posted strong OTC Clearing performance last year as well. Eurex has formed several partnerships in the last few months to expand its product offering. Furthermore, Eurex expanded its partnership with Korea Exchange through the introduction of new futures in March 2021.

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