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.

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