<B>High market volatility leads to increase in August volumes at Eurex
Exchange</B> and ISE/Eurex Exchange: KOSPI Product with new record
volumes/Eurex Repo: GC Pooling with new all-time high
In August 2011, the international derivatives exchanges of Eurex
Group recorded an average daily volume of 13.2 million contracts
(Aug. 2010: 7.8 million). Of those, 9.1 million were Eurex Exchange
contracts (Aug. 2010: 5.4 million), and 4.1 million contracts (Aug
2010: 2.4 million) were traded at the U.S.-based International
Securities Exchange (ISE). The massive growth of 69 percent y-o-y is
due to the increasing use of exchange-traded and centrally cleared
derivatives in the current market environment, which was driven by
high volatility and uncertainty resulting from the European
sovereign debt crisis. In total, 210.0 million contracts were traded
at Eurex Exchange and 94.8 million at ISE.
<B>At Eurex Exchange, the equity index derivatives segment grew by 122
percent </B>and totaled 123.5 million contracts (Aug. 2010: 55.5
million). The future on the EURO STOXX 50 Index totaled 50.7 million
contracts. The option on this blue chip index totaled 52.1 million
contracts. Futures on the DAX index recorded 5.3 million contracts
while the DAX options reached another 8.2 million contracts. The
Eurex KOSPI Product achieved a new monthly record with almost 2.5
million contracts, an ADV of 108,000 contracts. On 4 August, a new
daily peak was recorded with around 208,000 contracts.
The equity derivatives (equity options and single stock futures)
segment at Eurex Exchange reached 30.9 million contracts (Aug. 2010:
25.0 million). Thereof, equity options totaled 25.6 million
contracts and single stock futures equaled 5.3 million contracts.
Equity derivatives volume y-o-y is influenced by the change of
contract specifications: In Q1 2011, Eurex Exchange increased the
contract size of most equity options and single stock futures to
match international standards, with the effect of potentially lower
turnover in these products. The adjusted figure of monthly volume in
the equity derivatives segment in August would have been
approximately 37 million contracts based on an extrapolation.
<B>Eurex Exchange's interest rate derivatives segment grew by 51
percent and totaled 54.4 million contracts (Aug. 2010: 38.5
million). The Euro-Bund-Future reached 20.5 million contracts, the
Euro-Bobl-Future 12.3 million contracts and the Euro-Schatz-Future
13.8 million contracts. The Euro-BTP-Future totaled 226,000
contracts and the Short Term Euro-BTP-Future around 37,000
contracts. </B>
The Eurex segment dividend-based derivatives totaled 782,000
contracts â a new monthly record. Volatility derivatives also had an
all-time record month with around 289,000 contracts.
Eurex Repo, which operates CHF, EUR repo and GC Pooling markets,
achieved new records in the EUR Repo and GC Pooling market. The EUR
Repo Market totaled an average outstanding volume of 164.1 billion
euros in August, an increase of 39 percent y-o-y. The secured money
market GC Pooling recorded a new monthly peak with an average
outstanding volume of 133.4 billion euros, an increase of 46 percent
y-o-y (Aug 2010: 91.6 billion euros). The CHF Repo market reached
92.5 billion euros. All Eurex Repo markets recorded 256.6 billion
euros average outstanding volume (Aug 2010: 261.5 billion euros).
The electronic trading platform Eurex Bonds, which rounds out
Eurex's fixed-income product range, traded 9.1 billion euros (single
counting) in Aug, an increase of 41 percent y-o-y (Aug. 2010: 6.4
billion euros). In July 2011, volume was 9.1 billion euros.
