September 2025 Figures at Eurex
September 2025 Figures at Eurex
- Eurex trading volumes down 4 percent in September reflecting calmer market conditions.
- OTC Clearing posted strong momentum, with notional outstanding volumes climbing 37 percent.
- Eurex Repo reported solid growth, fueled by a 56 percent surge in GC Pooling transactions.
Eurex — Europe’s leading derivatives exchange and, together with Eurex Clearing, one of the world’s leading central counterparties — reported lower trading volumes in September as market activity cooled. The exchange handled 188.3 million contracts during the month, down 4 percent from the 196.0 million contracts recorded a year earlier. Interest rate derivatives stood out, rising 10 percent year-on-year to 104.2 million contracts. By contrast, equity derivatives fell 14 percent to 23.5 million contracts, while index derivatives dropped 16 percent to 60.2 million contracts.
OTC Clearing posted strong growth in September, with notional outstanding volumes up 37 percent year-on-year to EUR 46,699 billion, compared with EUR 34,115 billion in the same month of 2024. The surge was driven largely by overnight index swaps, which leapt 52 percent to EUR 6,084 billion. Interest rate swaps also contributed significantly, rising 29 percent to EUR 19,814 billion.
Eurex Repo, Eurex’s leading electronic market for secured funding and financing, posted another strong month in September 2025, with average term-adjusted volumes climbing 52 percent year-on-year to EUR 462.2 billion. Growth was led by the GC Pooling segment, which jumped 56 percent, while the Repo Market segment also advanced, rising 48 percent. The results underline Eurex Repo’s continued upward momentum in secured funding and financing.
Business overview – September 2025
September 2025 | September 2024 | Change | |
| Financial derivatives: Traded contracts Eurex Exchange | |||
| Index derivatives (million) | 60.2 | 71.7 | -16% |
| Interest rate derivatives (million) | 104.2 | 95.0 | +10% |
| Equity derivatives (million) | 23.5 | 27.3 | -14% |
| Total (million)1 | 188.3 | 196.0 | -4% |
| OTC Clearing2 | |||
Notional outstanding volumes (billion EUR) | 46,699 | 34,115 | +37% |
- of which interest rate swaps (billion EUR) | 19,814 | 15,374 | +29% |
- of which overnight index swaps (billion EUR) | 6,084 | 4,002 | +52% |
| Average daily cleared volumes (billion EUR) | 354 | 196 | +81% |
| - of which interest rate swaps (billion EUR) | 50 | 24 | +107% |
- of which overnight index swaps (billion EUR) | 56 | 21 | +160% |
| Compression volumes (billion EUR) | 207 | 131 | +58% |
| Repo: Average daily term adjusted volume on Eurex Repo | |||
| GC Pooling3 (billion EUR) | 218.3 | 139.6 | +56% |
| Repo Market (billion EUR) | 243.9 | 165.4 | +48% |
Total (billion EUR) | 462.2 | 305.0 | +52% |
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 Includes all currencies.
Media contact:
Irmgard Thiessen
+49 69 211-1 59 11
irmgard.thiessen@deutsche-boerse.com
Fabian Vichtl
+49 69 211-1 65 95
fabian.vichtl@deutsche-boerse.com