Photo: Wikifx
Eurex, an international derivatives exchange and a member of the Deutsche Börse Group, released financial data for 2020 and December. The exchange reported an increase in the over-the-counter clearing business, as nominal open positions reached 16.6 trillion euros this year, compared with 12.9 trillion euros in 2019. Eurex’s European equity derivatives were hit hard in 2020, with trading contracts reaching 273.8 million, a 36% decrease from the $425.2 million in 2019.
According to published data, European interest rate derivatives have fallen by 6% this year, as overall financial derivatives contracts in 2020 have fallen by 4% compared to the previous year. Despite the challenges facing the financial derivatives market, Eurex still reported a significant growth in OTC clearing business, as the average daily clearing volume in 2020 soared 18% to 122 billion euros, of which interest rate swaps jumped 33%.
The exchange outlined the significant contribution of its partner program to the recent growth of the over-the-counter clearing sector.
Eurex mentioned in the official statement: "Eurex's partner program continues its success story in 2020. In the field of over-the-counter clearing business, the nominal unliquidated volume has increased by 29%, from 12.9 trillion euros in 2019 to 16.6. trillion euros and the total daily settlement volume increased by 16% from 103 billion euros. The euro will reach 2020 billion euros in 2019 and 122 billion euros in 2020. To a large extent, this is driven by the partnership program. The plan provides participants with the opportunity to share the economics of OTC IRD clearing and have a say in the governance of Eurex Clearing. Portfolio conversion activities throughout the year have also increased significantly, and Eurex contracts continue to show no substance compared to LCH The spread of the sex price difference,"
Eurex added: "In the field of financial derivatives, the first quarter was very strong, and subsequent trading activities were more moderate throughout the rest of the year."
Financial giants had earlier reported on weak derivatives demand on the European Futures Exchange. With Michael Peters joining Eurex as CEO in Jul 2020, the exchange recently made changes to its executive board.
Reprinted from Wikifx, the copyright all reserved by the original author.
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