Eurex Extends ADV Decline in August, Reaching Nadir

Eurex Group has just reported its volumes across its Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term for the month ending August 2016 – the group’s average daily volumes (ADV) again plunged to new lows in 2016, extending a continued downtrend in H2, according to a Eurex statement.

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During August 2016, Eurex reported an ADV of just 4.1 million contracts, which corresponded to a sizable drop in volumes over a monthly basis from 5.5 million contracts in July 2016, or -25.5% MoM. Apart from June’s uptick in ADV, which at this juncture can be written off as an episodic fluctuation in figures due to Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term, Eurex has seen a methodic decline since March 2016.

As such, August 2016 at Eurex constituted a new yearly low, with ADV also markedly lower over a YoY basis – this yielded a fall of -5.2% YoY from 5.8 million contracts in August 2015.

Equities Extend Decline

Eurex’s offering of equity index derivatives (combining both equity options and single stock futures) was also characterized by a staunch decline in August 2016, falling to just 48.0 million contracts in the month, vs. 59.0 million contracts in July 2016, or -18.6% MoM. Relative to August 2015, the latest figures also justified a fall of -15.7% YoY from 70.0 million contracts.

Interest Rate Derivatives Also Pointed Lower

Looking at its interest rate derivatives segment, Eurex also disclosed a largely muted performance across its volumes during August 2016. Volumes edged lower to 28.3 million contracts during August 2016 from 31.0 million contracts in July 2016, reflective of a loss of -8.7% MoM.