European derivatives exchange, Eurex, has published its trading volume for June 2023.
The company revealed a 14% decline in total trading volume for June, with 182.1 million contracts traded compared to 210.9 million contracts during the same month last year.
Interest rate derivatives experienced a 12% YoY decrease, with 72.1 million contracts traded in June as opposed to 82.0 million in the previous year. Index derivatives saw a 16% decline, with 83.7 million contracts traded compared to 99.3 million in the previous year.
In the realm of equity derivatives, 25.9 million contracts were traded in June, representing an 11% decrease from the same period last year.
Meanwhile, in the OTC Clearing sector, the notional outstanding volumes witnessed a 23% increase in June compared to the previous year, reaching EUR 33,623 billion compared to EUR 27,247 billion. Within this, notional outstanding volumes in interest rate swaps rose by 14% to EUR 14,162 billion, while notional outstanding in overnight index swaps experienced a 34% increase to EUR 2,775 billion.
Eurex Repo, the electronic market for secured funding and financing, reported significant growth in daily GC Pooling volumes for June, which surged by 138% to EUR 168.6 billion. Moreover, the average daily volume in the Repo market increased by 70% to EUR 210.0 billion. Overall, the total average daily term-adjusted volume experienced a substantial 95% growth in June, reaching EUR 378.6 billion.
