Eurex Group, a leading international forex and derivatives exchange, has announced its January 2014 volumes, highlighted by a -1.1% decline in the total Eurex Group January contracts YoY (average daily volume of 8.5 million in January 2014 vs. 8.6 million in January 2013), according to a Eurex group statement.
Eurex Exchange Volumes Lackluster to Start Off 2014
A more in-depth look into these figures shows the overall decline in the total Eurex Exchange volume dropped to 121,550,537 contracts in January 2014 from 129,917,397 contracts in January 2013. For a point of reference, if the volumes reported in January 2014 were seen in every month of 2014, the total figure would be 1,458,606,444 contracts (1,552,369,803 contracts in all of 2013), which would extend a two-year decline from 2011.
Furthermore, in January 2014 Eurex Interest Rate derivatives yielded a figure of 38,020,836 contracts vs. 50,989,103 contracts in January 2013 or a -34.1% drop YoY – average daily volumes came in at 1.7 million in January 2014.
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Equity Index Derivative and ISE Figures Grow YoY
Relative to the other derivatives classes, the Eurex Equity Index Derivative proved to be a bright spot in January 2014 with 58,374,171 contracts, compared to just 47,853,873 contracts in January 2013 and a rise of 21.9% YoY.
Finally, the US-based International Securities Exchange (ISE) also saw its volumes swell 7.5% YoY. In January 2014, volumes were a robust 62,639,572 contracts, compared with 58,276,051 contracts in January 2013.
The Eurex Exchange has been relatively active as of late, notably given its launch of Austrian Traded Exchange (ATX) options earlier last month. Furthermore, the exchange began offering forex futures last October, embarking on an ambitious fx initiative.