Average daily volume in 2011 approximately 11.1 million contracts – increase of 7 percent
Eurex KOSPI Product with highest growth rate/ Eurex Repo with significant increase in 2011
The international derivatives markets of Eurex Group ended 2011 with a turnover of approximately 2.8 billion contracts, compared with 2.64 billion in 2010. The total volume for 2011 splits into 2.04 billion contracts traded at Eurex Exchange (2010: 1.9 billion) and 778.1 million contracts traded at the International Securities Exchange (ISE) (2010: 745.2 million). This corresponds to a daily average trading volume of 11.1 million contracts (2010: 10.4 million), thereof 8.0 million contracts at Eurex Exchange and 3.1 million contracts at ISE.
At Eurex Exchange, the equity index derivatives segment was the largest in 2011 with a total volume of 954.7 million contracts (2010: 805.1 million). Derivatives on the EURO STOXX 50® index were the largest single product with 408.9 million futures and 369.2 million options. The equity derivatives segment (options and single stock futures) saw 449.6 million contracts (2010: 511.1 million). In 2011, the interest rate derivatives segment reached a total of 630.4 million contracts (2010: 574.8 million). The Eurex KOSPI Product recorded the strongest growth year-on-year; volume soared to 17.4 million contracts after 166,000 contracts in 2010. Dividend derivatives grew by 32 percent and totaled 6.0 million contracts.
Statistics for December 2011
In December 2011, the Eurex Group derivatives markets reached an average daily volume of 8.2 million contracts with 5.9 million contracts traded at Eurex (Dec 2010: 5.8 million) and 2.3 million contracts traded at the ISE (Dec 2010: 2.5 million). A total of 171.9 million contracts were traded on both exchanges in December 2011 with 124.1 million at Eurex Exchange and 47.8 million contracts at ISE.
At Eurex Exchange, equity index derivatives recorded the highest turnover among all product segments with 67.4 million contracts (Dec 2010: 56.1 million). The top equity index derivative was the future on the EURO STOXX 50 index with 29.5 million contracts, and 23.1 million options on this index were also traded.
A total of 23.6 million contracts were traded in the equity derivatives segment, compared with 25.6 million in Dec 2010. Within this segment, equity options traded 16.5 million contracts and single stock futures another 7.1 million contracts. Equity derivatives volume y-o-y is influenced by the change of contract specifications: In the first quarter of 2011, Eurex Exchange increased the contract size of most equity options and single stock futures to match international standards, with the effect of potentially lower turnover in these products. The adjusted monthly volume figure in the equity derivatives segment in December 2011 would have been approximately 29 million contracts under the previous, old contract specifications.
A total of 32.6 million contracts were traded in the interest rate derivatives segment in December 2011, compared with 39.6 million in the same period last year.
The Eurex segment dividend-based derivatives totaled approximately 331,000 contracts. Commodity derivatives reached around 59,000 contracts. Volatility derivatives achieved about 170,000 contracts.
Statistics for Eurex Repo and Eurex Bonds
Eurex Repo, which operates CHF Repo, Euro Repo and GC Pooling markets, continued to grow in 2011. The secured money market GC Pooling hit a new record with an average outstanding volume of 118.2 billion euros, an increase of 29 percent y-o-y; the Euro Repo market totaled at the new peak of 148.5 billion euros, an increase of 30 percent.
In December 2011, the GC Pooling market grew 27 percent y-o-y and reached 140.4 billion euros; and the Euro Repo market recorded an outstanding volume of 174.7 billion euros, an increase of 31 percent.
The electronic trading platform Eurex Bonds, which rounds out Eurex’s fixed-income product range, traded 8.3 billion euros (single counting) in December 2011 compared to 6.8 billion euros in December 2010. In 2011, Eurex Bonds’ trading volumes grew by 15 percent and totaled 117.2 billion euros (single counting), compared with 101.6 billion euros in 2010.
