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Full year and December 2022 figures at Eurex

Datum: 04. Jan 2023 | Eurex

Full year and December 2022 figures at Eurex

- Eurex total volumes up 15 percent for the full year 2022
- OTC clearing volumes at Eurex continued their overall upward trend 
- Volumes in Eurex Repo’s GC Pooling market grew 153 percent in December y-o-y 

Eurex, the leading European derivatives exchange, ended the year with an 8 percent increase in traded contracts in December compared to December 2021, led by interest rate derivatives with plus 24 percent. Overall, volumes in 2022 grew by 15 percent to 1,955.7 million contracts. Over the complete year 2022, index derivatives and interest rate derivatives grew similarly, by 21 percent and 20 percent respectively. 

The OTC clearing space at Eurex showed again strong growth rates. Notional outstanding volumes were up 30 percent in December to EUR 26,186 billion despite multiple successful compression runs in 2022. Average daily cleared volumes were up 52 percent to EUR 119 billion in December 2022. Across the whole of 2022, daily OTC interest rate volumes averaged EUR 169 billion, up 27 percent from 2021 – with daily cleared volumes in interest rate swaps and overnight index swaps posting growth of 13 percent and 42 percent, respectively.  

Eurex Repo, Eurex’s leading electronic market for secured funding and financing, recorded a significant rise in GC Pooling volumes in December, up 153 percent to EUR 67.5 billion. In 2022 as a whole, compared to 2021, average daily term-adjusted repo volume grew by 50 percent – up from EUR 140.3 billion to EUR 210.1 billion. The GC Pooling market was up 37 percent while the Repo Market grew by 57 percent year-on-year. 
 

Business overview – December 2022

December  
2022 

December 
2021 

Change 

Financial derivatives: traded contracts Eurex Exchange 

Index derivatives (million) 

79.6 

74.8 

+6% 

Interest rate derivatives (million) 

58.1 

46.8 

+24% 

Equity derivatives (million) 

20.4 

24.3 

-16% 

Total (million)1 

158.4 

146.2 

+8% 

OTC Clearing2 

   

Notional outstanding volumes (billion EUR) 

26,186  

20,075  

+30% 

- of which interest rate swaps (billion EUR) 

12,927  

11,013  

+17% 

- of which overnight index swaps (billion EUR) 

2,532  

 1,941  

+30% 

Average daily cleared volumes (billion EUR) 

119  

 78  

+52% 

- of which interest rate swaps (billion EUR) 

22  

 38  

-42% 

- of which overnight index swaps (billion EUR) 

16  

 23  

-29% 

Compression volumes (billion EUR) 

133  

 74  

+80% 

Repo: average daily term-adjusted volume on Eurex Repo 

   

GC Pooling3 (billion EUR) 

67.5 

26.7 

153% 

Repo Market (billion EUR) 

111.9 

79.9 

40% 

Total (billion EUR) 

179.4 

106.6 

68% 

1 The total number of contracts traded includes other asset classes such as commodities.
2 Notional cleared volumes including post trading events such as compression.
3 Includes all currencies.  


Business overview – full year 2022

2022 

 2021 

Change 

Financial derivatives: traded contracts Eurex Exchange 

Index derivatives (million) 

956.5 

793.1 

+21% 

Interest rate derivatives (million) 

725.7 

603.3 

+20% 

Equity derivatives (million) 

271.1 

304.7 

-11% 

Total (million)1 

1,955.7 

1,703.3 

+15% 

OTC Clearing2 

   

Notional outstanding volumes (billion EUR) 

26,186  

20,075  

+30% 

- of which interest rate swaps (billion EUR) 

12,927  

11,013  

+17% 

- of which overnight index swaps (billion EUR) 

2,532  

 1,941  

+30% 

Average daily cleared volumes (billion EUR) 

169 

133  

+27% 

- of which interest rate swaps (billion EUR) 

26 

23  

+13% 

- of which overnight index swaps (billion EUR) 

12 

 8  

+42% 

Compression volumes (billion EUR) 

67  

32 

112% 

Repo: average daily term-adjusted volume on Eurex Repo 

   

GC Pooling3 (billion EUR) 

65.7 

48.1 

+37% 

Repo Market (billion EUR) 

144.4 

92.2 

+57% 

Total (billion EUR) 

210.1 

140.3 

+50% 

1 The total number of contracts traded includes other asset classes such as commodities.
2 Notional cleared volumes including post trading events such as compression.
3 Includes all currencies.