The world's largest futures exchange, Eurex, traded some
73.6m contracts in February, an increase of 29% on the same
month last year. This resulted in average daily volume of 3.7m
and brought the year-to-date volume for the exchange to 158m
contracts in 2003.
Capital markets products account for over half the
exchange's turnover, with 42m traded - the Euro Bund again the
leading product with 19.3m traded, over 40% higher than the
February 2002 figure.
Equity-based derivatives at Eurex showed a volume of some
31m contracts - 19.1m in equity index derivatives (up 50% on
last year) and 11.8m in equity options. The leading contract in
the equity index segment was the Dow Jones Euro Stoxx 50, with
8.1m contracts traded.
The second largest exchange last month was Euronext Liffe,
where a total of 51.5m contracts traded, representing an
underlying nominal average daily value of E990bn. Interest rate
products at the exchange were up 55%, with a volume of 22m
contracts (a total of 42m year-to-date, up 31% year-on-year.)
Stock options traded a total of 18m contracts - which included
4.9m Dutch equity options and 12.2m French equity options.
Meanwhile, commodity products had an increase of 15% compared
to February 2002, trading just over half a million contracts,
bringing the year-to-date total to 1.1m, a year-on-year
increase of 24%.
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