03 August 2016
Reporter: Stephanie Palmer
Eurex Repo continues summer slowdown
Eurex Repo has continued its downward trend for 2016, recording an 18.61 percent decrease in average outstanding for July.

In July, Eurex Repo recorded an average outstanding volume of €129 billion, down from €158.5 billion in July 2015.

The negative development was, again, attributed the drop to the European Central Bank’s quantitative easing policy.

Eurex’s secured money market GC Pooling saw an average outstanding volume of €96.4 billion in July 2016, compared to €129.7 billion in July 2015.

The Euro Repo market, however, saw an increase from €28.8 billion in July last year, to €32.6 billion this year.

Eurex Exchange’s equity index derivatives segment saw a total of 59 million contracts in July, a drop from 71.6 million in July 2015.

The largest contract was the future on the EURO STOXX 50 Index, which processed 23.1 million contracts. Options on this index totalled 18.9 million contracts.

On the DAX index, futures reached 1.7 million contracts and options reached 2 million. The Eurex KOSPI product saw a total of 1.8 million contracts.

Equity options and single stock futures reached a total of 23 million contracts in July 2016, a slight increase on last June’s total of 22.8 million. Of these, equity options made up 12.9 million contracts, and single stock futures accounted for 10 million.

More repo 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
ICMA: NSFR makes EU repo less attractive
23 June 2017 | London | Reporter: Drew Nicol
The association also point to increased automation of highly manual and labour-intensive processes of the market as a way to mitigate rising costs and create efficiencies
UK Money Markets Code to rebuild trust
22 June 2017 | London | Reporter: Drew Nicol
Industry representatives drafted the code in partnership with the Bank of England (BoE) to replace the previous guidance, which has been judged to be outdated
Dealerweb claims significant US repo market share
20 June 2017 | New York | Reporter: Drew Nicol
The Dealerweb marketplace now captures 18 percent of US repo activity in inter-dealer trading
Howard/Miller adjusts fund’s lending programme
19 June 2017 | New York | Reporter: Drew Nicol
The fund will no longer include securities lending activities in leverage calculations from August
SIX adds US equity and fixed income to CO:RE
15 June 2017 | London | Reporter: Drew Nicol
SIX Securities Services has added US equities and fixed income treasuries to the list of available securities for its repo triparty platform
Global political turmoil driving bond trading
15 May 2017 | London | Reporter: Drew Nicol
Geo-political events in the US and Europe were the most significant drivers of fixed income trading in the 12 months ending March, according to NEX Group
SIX expands equity repo baskets list
08 May 2017 | Zürich | Reporter: Drew Nicol
Natixis has signed up to SIX Repo’s two new European equity index baskets