03 January 2018
Frankfurt
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.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
IHS Markit names Stuart Cornock as associate sales director
22 January 2018 | London | Reporter: Zsuzsa Szabo
Cornock has moved from Clearstream to IHS Markit
New York Fed confirms repo rate complaints
22 January 2018 | New York | Reporter: Zsuzsa Szabo
An audit of the Federal Reserve Bank of New York uncovered that the effective federal funds rate and overnight bank funding rate are in compliance with principles for financial benchmarks
James Burron has left AIMA
22 January 2018 | Toronto | Reporter: Jenna Lomax
James Burron has left the Alternative Investment Management Association
Hong Kong securities and derivatives markets break records in 2017
19 January 2018 | Hong Kong | Reporter: Jenna Lomax
Market capitalisation of Hong Kong’s securities market reached over $33 billion, while in the derivatives market total options trading reached over 137 thousand contracts
ESMA updates MiFID II transparency calculations
19 January 2018 | Paris | Reporter: Zsuzsa Szabo
ESMA has revised its transitional transparency calculations for equity and bond instruments reported under MiFID II
S&P reaffirms OCC’s AA+ rating
19 January 2018 | Chicago | Reporter: Jenna Lomax
S&P has reaffirmed OCC’s financial strength rating of “AA+/stable”
Clearstream to include Kazakh government bonds
19 January 2018 | Astana | Reporter: Zsuzsa Szabo
Kazakhstan treasury bonds are to be available through Clearstream