03 January 2018
Reporter: Jenna Lomax

Eurex ends 2017 on a high

Eurex Repo Market average monthly outstanding volume was up 93 percent in December 2017, compared to the same time last year.

The Deutsche Boerse subsidiary recorded an average monthly outstanding volume of €60.1 billion last month, up from €31.2 billion in 2016.

Eurex’s GC Pooling segment fell by 50 percent year-to-year for December.

Average monthly outstanding volume dropped from €73.5 billion in 2016 to €36.6 billion a year later.

Eurex also outlined its 2018 roadmap, in which it vowed to continue to focus on helping its clients to navigate the regulatory changes ahead.

Eurex said that its main challenges in 2018 will be overall cost pressure as well as the introduction of the second Markets in Financial Instruments Derivative (MiFID II) that it said “will fundamentally redesign Europe’s markets”.

Eurex said it plans to expand its Total Return Futures programme, as well as its STOXX portfolio and its MSCI derivatives initiative to face cost and regulation challenges.

According to Eurex, its quote platform, EnLight, will also allow the exchange to further strengthen its liquidity pools.

Thomas Book, CEO of Eurex, said: “The introduction of MiFID II, brings rising capital requirements and Brexit pose challenges to the whole market. In this environment, we gather our innovative power and develop solutions that support the industry.”

He added: “Eurex’ integrated business model facilitates tackling the ongoing regulatory challenges. The market infrastructure provider is uniquely positioned to capture cyclical as well as structural growth opportunities across both the listed and the OTC space.”

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