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.
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.