Eurex Repo market stutters 03 November 2015Frankfurt Reporter: Drew Nicol
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Eurex Repo lost €55.9 billion from its average outstanding volume for October, compared to the same time last year, according to Eurex Group.
Eurex Repo, which operates Eurex's repo services and General Collateral Pooling markets, recorded €144.6 billion in average outstanding volume, compared to €200.5 billion in October 2014.
According to Eurex, this negative development was mainly due to the quantitative easing policy of the European Central Bank.
The Euro Repo market reached an average outstanding volume of €25.4 billion, compared with €39 billion in October 2014.
Eurex’s international derivatives markets also suffered in October.
The average daily volume was 7.8 million contracts for October, down 2.1 million on October last year.
Of those, 5.3 million were Eurex Exchange contracts (against 6.6 million in October 2014), and 2.5 million contracts ( against 3.3 million in October 2014) were traded at the New York-based International Securities Exchange.
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