Across the whole of Q1 2020, overall volumes in OTC clearing showed growth, with an average daily cleared volume of 144 billion EUR – up 12% from 128 billion EUR in Q1 2019. These figures include strong growth in the IRS product, reaching an ADV of 16 billion EUR – up 40% from 11 billion EUR in Q1 2019. Notional outstanding volume was 17,575 billion EUR in March 2020, of which 40% was in IRS.

The volume of traded contracts in European equity index derivatives grew 91% year-on-year from 101.2 million in March 2019 to 193.2 million in March 2020 – while volumes of European equity derivatives fell back to 32.6 million. Overall growth in financial derivatives traded contracts was 296 million, up 46% in March 2020 compared to the same month last year.

Eurex Repo posted double-digit growth across both its GC Pooling and Repo markets – up 39% and 29%, respectively.

At the Leipzig-based European Energy Exchange (EEX), electricity volumes led the way with 41% year-on-year growth in March 2020, while gas and emissions trading volumes also enjoyed a positive month.

Business overview

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 Term-adjusted. 4 Includes all currencies.