Eurex Extends ADV Decline in August, Reaching Nadir

Eurex was unable to rebound across key volumes segments in August, instead opening up new 2016 lows.

Eurex Group has just reported its volumes across its exchange for the month ending August 2016 – the group’s average daily volumes (ADV) again plunged to new lows in 2016, extending a continued downtrend in H2, according to a Eurex statement.

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During August 2016, Eurex reported an ADV of just 4.1 million contracts, which corresponded to a sizable drop in volumes over a monthly basis from 5.5 million contracts in July 2016, or -25.5% MoM. Apart from June’s uptick in ADV, which at this juncture can be written off as an episodic fluctuation in figures due to Brexit, Eurex has seen a methodic decline since March 2016.

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As such, August 2016 at Eurex constituted a new yearly low, with ADV also markedly lower over a YoY basis – this yielded a fall of -5.2% YoY from 5.8 million contracts in August 2015.

Equities Extend Decline

Eurex’s offering of equity index derivatives (combining both equity options and single stock futures) was also characterized by a staunch decline in August 2016, falling to just 48.0 million contracts in the month, vs. 59.0 million contracts in July 2016, or -18.6% MoM. Relative to August 2015, the latest figures also justified a fall of -15.7% YoY from 70.0 million contracts.

Interest Rate Derivatives Also Pointed Lower

Looking at its interest rate derivatives segment, Eurex also disclosed a largely muted performance across its volumes during August 2016. Volumes edged lower to 28.3 million contracts during August 2016 from 31.0 million contracts in July 2016, reflective of a loss of -8.7% MoM.

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