Eurex Repo average daily volume rises 85% YoY for March
05 April 2023 Germany
Image: AdobeStock/peshkova
Trading volumes on Eurex Repo have grown 85 per cent YoY to €296.5 billion for March, a striking rise from the €160.7 billion in term-adjusted average daily repo volume recorded for March 2022.
GC Pooling volumes were up 125 per cent YoY for March to €114.9 billion and special repo has increased 66 per cent YoY to €181.6 billion.
For GC Pooling, this also represents a slight month-on-month increase, growing from €111.9 billion for February 2023. Special repo volumes are slightly down month-on-month from the €209.8 billion recorded for February 2023.
This year-on-year expansion has been mirrored in the OTC derivatives clearing segment, where aggregate notional outstanding for OTC clearing has risen 18 per cent YoY for March to €32,136 billion.
This includes a 10 per cent YoY rise in notional outstanding for interest rate swaps (IRS) to €13,578 billion and a 42 per cent expansion in overnight index swaps cleared through the CCP to €2,795 billion.
Average daily cleared volumes through Eurex Clearing have increased 4 per cent YoY to €171 billion.
This features 175 per cent YoY growth in overnight index swaps for March to €23 billion, although cleared ADV for IRS has contracted 38 per cent YoY to €20 billion.
GC Pooling volumes were up 125 per cent YoY for March to €114.9 billion and special repo has increased 66 per cent YoY to €181.6 billion.
For GC Pooling, this also represents a slight month-on-month increase, growing from €111.9 billion for February 2023. Special repo volumes are slightly down month-on-month from the €209.8 billion recorded for February 2023.
This year-on-year expansion has been mirrored in the OTC derivatives clearing segment, where aggregate notional outstanding for OTC clearing has risen 18 per cent YoY for March to €32,136 billion.
This includes a 10 per cent YoY rise in notional outstanding for interest rate swaps (IRS) to €13,578 billion and a 42 per cent expansion in overnight index swaps cleared through the CCP to €2,795 billion.
Average daily cleared volumes through Eurex Clearing have increased 4 per cent YoY to €171 billion.
This features 175 per cent YoY growth in overnight index swaps for March to €23 billion, although cleared ADV for IRS has contracted 38 per cent YoY to €20 billion.
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