Eurex Repo鈥檚 lower growth continues into June
06 July 2016 Frankfurt
Image: Shutterstock
Eurex Repo鈥檚 outstanding volumes have now been lower than last year for six consecutive months, with average outstanding volume at the end of 2015 down 鈧�26.7 billion.
The Deutsche B枚rse subsidiary had an outstanding average of 鈧�172.8 billion last year, down from 鈧�199.5 billion in 2014.
More recently, in June 2016, Eurex Repo saw a 23.7 percent fall in all markets, compared to the same time last year.
The average outstanding volume fell by 鈧�43.4 billion to achieve 鈧�139.8 billion last month, compared to 鈧�183.2 billion in June 2015.
Eurex Repo has consistently cited that 鈥渢his negative development was mainly due to the quantitative easing policy of the European Central Bank鈥� as the main driver of its negative results. It did not wish to comment further.
The persistent market headwinds come in spite of several market initiatives launched by the company to boost business this year.
These include an expansion of Eurex Repo鈥檚 inter-bank markets by customising buy-side trading licences that offer bilateral trading in February.
Eurex Exchange also launched a US dollar-denominated futures on the Euro STOXX 50 index in March, which aimed to allows investors to participate in the performance of the index without being subject to currency fluctuations between euro and US dollar.
In April, Eurex Repo launched a service to allow its clients to trade pound sterling (GBP) against debt securities of the UK government-denominated in GBP and is available in the UK gilt basket.
The Deutsche B枚rse subsidiary had an outstanding average of 鈧�172.8 billion last year, down from 鈧�199.5 billion in 2014.
More recently, in June 2016, Eurex Repo saw a 23.7 percent fall in all markets, compared to the same time last year.
The average outstanding volume fell by 鈧�43.4 billion to achieve 鈧�139.8 billion last month, compared to 鈧�183.2 billion in June 2015.
Eurex Repo has consistently cited that 鈥渢his negative development was mainly due to the quantitative easing policy of the European Central Bank鈥� as the main driver of its negative results. It did not wish to comment further.
The persistent market headwinds come in spite of several market initiatives launched by the company to boost business this year.
These include an expansion of Eurex Repo鈥檚 inter-bank markets by customising buy-side trading licences that offer bilateral trading in February.
Eurex Exchange also launched a US dollar-denominated futures on the Euro STOXX 50 index in March, which aimed to allows investors to participate in the performance of the index without being subject to currency fluctuations between euro and US dollar.
In April, Eurex Repo launched a service to allow its clients to trade pound sterling (GBP) against debt securities of the UK government-denominated in GBP and is available in the UK gilt basket.
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