Clearing and Settlement

Deutsche Börse results, take two

Deutsche Börse reports in its second press release of the day that at Eurex Exchange, the equity index derivatives segment totaled 71.6 million contracts (July 2014: 48.7 million). The single largest contract was the future on the EURO STOXX 50 Index with 25.0 million contracts; and the options on this blue chip index totaled 33.7 million contracts.

Futures on Germany's DAX index recorded 2.2 million contracts while the DAX options reached another 3.7 million contracts. The Eurex KOSPI (Korea Composite Stock Price Index ) product recorded 2.1 million contracts.

The equity derivatives (equity options and single stock futures) segment at Eurex Exchange reached 22.8 million contracts (July 2014: 17.4 million).  Thereof, equity options totaled 15.1 million contracts and single stock futures equaled 7.7 million contracts.

The interest rate derivatives segment totaled 38.2 million contracts (July 2014: 29.5 million). The euro-bund-future reached 12.6 million contracts, the euro-bobl-future 9.3 million contracts and the euro-schatz-future 4.5 million contracts. The three euro-BTP-futures totalled around 2.0 million contracts.  The two Euro-OAT-Futures recorded around 1.5 million contracts.  The Eurex Exchange segment dividend-based derivatives recorded 763,000 contracts. Volatility derivatives totaled 1.4 million contracts, an increase of 120 percent year-on-year.

Eurex Repo

Eurex Repo, which operates Euro Repo and GC Pooling markets, recorded in all markets in July 2015 an average outstanding volume of EUR 158.2 billion (July 2014: EUR 206.1 billion). It identifies the QE (quantitative easing) policy of the European Central Bank as the reason for this negative development. The secured money market GC Pooling recorded an average outstanding volume of EUR 129.4 billion (July 2014: EUR 164.5 billion). The euro repo market reached an average outstanding volume of EUR 28.8 billion compared with EUR 41.6 billion in July 2014.

Clearing and Settlement

Russia's National Settlement Depository (NSD), the country’s central securities depository, says it has implemented back-to-back settlements technology for off-exchange DVP (delivery versus payment) transactions. Trading bank accounts and transactions may be in Russian rubles, US dollars, euro, or yuan.

Clearing and Settlement

Clearstream reports that the overall value of assets under custody held on behalf of customers registered an increase of 8 percent to EUR 13.2 trillion (compared to EUR 12.2 trillion in August 2014). 

Clearing and Settlement

Euroclear Bank has opened an account with Hong Kong’s Central Securities Depositary, the Central Moneymarkets Unit (CMU).

Clearing and Settlement

Eurex Clearing reports that it has admitted another major participant to EurexOTC Clear – the German Bund, represented by the Bundesrepublik Deutschland – Finanzagentur GmbH (the Federal Republic of Germany – Finance Agency).

 

Clearing and Settlement

Italy's Monte Titoli and its clients have successfully completed the migration to the European Central Bank’s Target2-Securities (T2S) platform, postponed to August 31 from June 22 when the first wave of implementation began, the London Stock Exchange Group (LSEG) reports.

Clearing and Settlement

The Johannesburg Stock Exchange (JSE), Africa's largest exchange, says it has officially launched JSE Eris Interest Rate Swap (IRS) Futures, based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand (ZAR).