Eurex Records Growth in Interest Rate Derivatives Trading Volume for December and Full Year 2023

Eurex, Europe's leading derivatives exchange, published its trading figures for December and the full year 2023, reporting growth in the trading volume of interest rate derivatives both in the month and the year.

Trading Data for December 2023:

Financial Derivatives

• Financial derivatives contracts traded for the month totaled 165.8 million, increasing 5% compared to 158.8 million in December 2022.

• Trading volume of interest rate derivatives rose by 20% from 58.1 million contracts to 69.5 million contracts on a year-on-year basis.

• Index derivatives traded during the period was 71.7 million, decreasing 10% compared to 79.6 million in the year-ago month.

• Equity derivatives traded for the month came in at 24.1 million, up 18% compared to 20.4 million in the same period of 2022.

OTC Clearing

• Notional outstanding volume increased by 14% YoY from EUR 26,186 billion to EUR 29,943 billion in December 2023.

• Average daily cleared volumes in the month grew by 22% from EUR 119 billion in December 2022 to EUR 145 billion.

Eurex Repo

• Eurex Repo, Eurex's leading electronic market for secured funding and financing, recorded a significant increase in the average daily term-adjusted repo volume in December 2023, rising by 75% from EUR 179.4 billion in December 2022 to EUR 314.0 billion.

• Daily GC Pooling volumes in December rose by 105% from EUR 67.5 billion to EUR 138 billion on a yearly basis.

• Daily Repo Market volumes came in at EUR 175.7 billion, an increase of 57% compared to EUR 111.9 billion in the same month of 2022.

Trading Data for the Full-Year 2023:

Financial Derivatives:

• Overall volumes of financial derivatives in 2023 decreased by 2% from 1,955.7 million contracts in 2022 to 1,915.1 million contracts.

• Interest rate derivatives traded for the year totaled 771.4 million contracts, up 6% compared to 725.7 million contracts in the prior year.

• Index derivatives traded 871.7 million contracts, decreased by 9% compared to 956.5 million contracts in 2022.

• Trading volume of equity derivatives was 268.7 million contracts, a slight decrease of 1% compared to 271.1 million contracts in 2022.

OTC Clearing

• For the full year 2023, notional outstanding volume increased by 14% from EUR 26,186 billion in 2022 to EUR 29,943 billion.

• Average daily cleared volumes were EUR 185 billion, up 10% from 2022 (EUR 169 billion) – with daily cleared volumes in overnight index swaps growing by 27% (from EUR 12 billion to EUR 15 billion).

Eurex Repo

• For the full year 2023, the average daily term-adjusted repo volume increased by 70% compared to 2022 – from EUR 210.3 billion to EUR 357.8 billion

• Daily trading volume of GC Pooling for the full year jumped by 142% from EUR 65.7 billion in 2022 to EUR 158.9 billion.

• Daily trading volume of Repo Market was EUR 198.9 billion, rising 38% compared to EUR 144.6 billion in the prior year.