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Eurex Reports Strong Growth in Derivatives Contracts during May 2021

Eurex Reports Strong Growth in Derivatives Contracts during May 2021

Eurex, an international derivatives exchange and a member of the Deutsche Börse Group, released its trading numbers for May 2021 today. The exchange reported a total of 137.4 million derivatives contracts in the last month, a number which is up by 13% compared to 121.8 million traded derivatives contracts in May 2020.

According to the numbers, European interest rate derivatives and European equity derivatives spiked by 37% and 41% respectively. However, a drop of nearly 8% was reported in European equity index derivatives contracts during May 2021.

“Eurex’s OTC Clearing business saw IRS volumes grow in terms of both notional outstanding, up 15 percent from 18,960 billion to 21,440 billion EUR, and average daily cleared volume, which grew 25 percent from 17 billion to 21 billion EUR compared to the same month last year. Overall clearing notional outstanding grew 15 percent, while overall average daily cleared volume dropped 33 percent across the same period. Eurex Repo saw drops in monthly term adjusted volumes; of 46 percent in GC Pooling and 12 percent in the Repo Market,” the exchange mentioned in the official announcement.

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In April 2021, Eurex saw a jump in its average daily cleared volume. The exchange recorded a substantial growth in its OTC Clearing Business.

Eurex in 2021

Since the start of 2021, Eurex has announced several partnerships and launched new products to increase its offerings. Earlier this month, the exchange introduced new derivatives for expansion in Asia. Eurex launched futures on the MSCI China Tech 100 Index along with futures and options on the MSCI Hong Kong Listed Large Cap and the MSCI China Hong Kong Listed Large Cap indexes. Additionally, the exchange announced a partnership with Korea Exchange in March 2021 and mentioned that the Korean benchmark index (KOSPI 200) futures will be listed on the Eurex/KRX Link.

“This growth in May comes after a mixed few months in 2021 due to comparisons with the unprecedented volatility in early 2020,” Eurex added in the press release.


Deutsche Börse Adds Three New Crypto ETNs via CoinShares

Deutsche Börse Adds Three New Crypto ETNs via CoinShares

Deutsche Börse Group, a leading German marketplace organizer for trading shares and other securities, announced on Monday that CoinShares is now a new issuer for three crypto Exchange Traded Notes (ETNs) at its platform. CoinShares Physical Bitcoin, CoinShares Physical Ethereum, and CoinShares Physical Litecoin are available for investors via Xetra and Börse Frankfurt.

According to the announcement, traders could have access to the performance of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) without having set up a digital wallet. In fact, all three ETNs are physically backed by their respective digital assets and centrally backed, said Deutsche Börse Group. “Through central clearing, investors benefit from significantly reduced risks in the settlement of their transactions,” the German marketplace added.

Bitcoin ETN will have an ongoing charge of 0.98 per cent, while Ethereum and Litecoin ETNs will both have 1.25 and 1.50 per cent, respectively, as ongoing fees. Last year, Deutsche Börse Group became the first exchange worldwide to launch trading in crypto products centrally cleared. With the new products added within its portfolio, investors can pick from 15 ETNs from six providers at the German marketplace.

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Litecoin NTN Added in April

“The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 1,651 ETFs and 210 ETCs and ETNs. With this selection and an average monthly trading volume of around €17.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe,” the firm noted. In April 2021, the marketplace added an ETN on Litecoin. For such an Exchange Traded Note, Deutsche Börse Group said that the issuer is ETC Group.

Still, the German company recently witnessed a dip in its market trading volume for April. Finance Magnates reported that the trading metrics across its cash markets generated a total turnover of €147.1 billion in April, which is a 14.8 percent decline year-over-year.