August Trading Volumes Rise 10% MoM at Eurex Group

Eurex Group, a leading European financial trading exchange broke the misery of low summer trading activity with positive volumes during the month of August. The Eschborn-based exchange saw volumes increase across its venues, Eurex Exchange and International Securities Exchange (ISE).The move comes on the back of continued pressure on European markets in light of the Russia-Ukraine crisis.

Trading volumes at Eurex Group were positive in August; the trading venue recorded an average daily volume of 7.0 million contracts, 4.5% higher from 2013 figures of 6.6 million contracts and a ten percent spike from activity reported in July.

The Group, which operates European and US trading venues, saw an increase in both entities. The firm’s European arm, Eurex Exchange saw 4.8 million contracts traded, with its North American counterpart trading 2.2 million contracts a day.

Eurex Group is one of the world’s largest financial trading venues, recently the firm embarked on expanding its currency futures offering with the launch of new FX contracts. The firm explained to Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates that the uptake has been positive with the number of Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term and members increasing.

The multi-asset exchange which quotes the main European stock index, the EURO STOXX offers number of cash and derivatives instruments. The exchange reported that during the month of August, the single largest contract was the future on the EURO STOXX 50 Index which traded 21.0 million contracts. Additionally, the options on this blue chip index totaled 18.2 million contracts. The exchange also saw futures on the DAX index recorded 2.3 million contracts while the DAX options reached 3.2 million contracts.

Eurex Group offers a number of international contracts including the popular South Korean KOSPI index, the Eurex KOSPI saw 1.8 million contracts traded throughout the month.

Eurex Group’s German- based Frankfurt Stock Exchange also reported its monthly figures for August. During the month, the order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at $123.84 billion an increase from $111.10 reported a year earlier. In addition, the exchange saw an uptake in the total number of contracts traded, for August there was a total of 16.4 million contracts executed.

Eurex Group has been extending its global footprint with collaborations with overseas exchanges; the firm has developed an understanding with the Taiwan exchange and offers cross listed instruments. Markus Georgi, Senior Vice President, at Eurex, spoke on a panel discussion in Taiwan which addressed the vast opportunities Taiwan’s financial markets offer.