Eurex’s ADV Strikes Fresh Lows After MoM Decline in May

Eurex's strongly performing March volumes are now firmly in the rear-view mirror as ADV has collapsed to fresh 2016 lows.

Eurex Group has just reported its latest group of volumes across its exchange for the month ending May 2016. As has been the case in almost every successive month in 2016, the group’s average daily volumes (ADV) orchestrated a decline over the past month, setting a new 2016 low, according to a Eurex statement.

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During May 2016, Eurex disclosed an ADV of 8.0 million contracts, reflective of yet another decline in volumes over a monthly basis. As such, this represented a decline of -4.7% from 8.4 million contracts in April 2016, its lowest figure thus far in 2016. Looking at a yearly snapshot, May 2016’s ADV at Eurex did manage to secure a healthy gain, jumping 12.7% YoY from just 7.1 million contracts in May 2015.

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Equities Unchanged

Eurex’s regiment of equity index derivatives (combining both equity options and single stock futures) was largely held in a tight consolidation during May 2016, inching lower by less than -1.0% MoM to 62.1 million contracts, against 62.7 million contracts in April 2016 – over a yearly timeframe however, the latest figure did manage a jump 21.3% YoY from 51.2 million contracts in May 2015.

Interest Rate Derivatives Fail to Secure Rebound

Looking at its interest rate derivatives segment, Eurex also reported a largely muted performance across its volumes during May 2016. Following last month’s collapse, Eurex’s interest rate derivatives moved marginally higher in May 2016 to 35.6 million contracts for the month, failing to pare last month’s staunch losses whilst justifying a MoM increase of 1.7% MoM from 35.0 million contracts in April 2016.

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