Eurex interest rate derivatives recorded a modest 1 percent increase in traded contracts in January, even as the overall volume declined by 7 percent, signaling more subdued market activity.
OTC Clearing posted substantial growth as notional outstanding volumes grew by 31 percent.
Eurex Repo reports a strong January result of 63 percent, fueled by a 104 percent surge in the Repo segment.
Eurex – Europe’s leading derivatives exchange and, together with Eurex Clearing, one of the world’s leading central counterparties – reported lower trading volumes in January amid a general slowdown in market activity. The exchange handled 159.9 million contracts during the month, a 7 percent drop from the 172.0 million contracts processed a year earlier. Interest rate derivatives went up 1 percent year-on-year to 83.9 million contracts. Equity derivatives declined 13 percent to 25.1 million contracts, while index derivatives decreased 15 percent to 50.4 million contracts.
OTC Clearing posted strong growth in January, with notional outstanding volumes increasing 31 percent year on year to EUR 48,902 billion, compared with EUR 37,453 billion in January 2025. The expansion was driven primarily by overnight index swaps, which jumped 68 percent to EUR 7,446 billion. Interest rate swaps also made a substantial contribution, rising 27 percent to EUR 20,469 billion.
Eurex Repo, Eurex’s leading electronic market for secured funding and financing, delivered a very strong result in January 2026. Average term-adjusted volumes increased by 63 percent year-on-year, reaching EUR 568.8 billion. Growth was driven primarily by the Repo segment, which rose 104 percent, while the GC Pooling Segment also saw a solid expansion of 31 percent.
Repo: Average daily term adjusted volume on Eurex Repo
GC Pooling³ (billion EUR)
259.4
197.4
+31%
Repo Market (billion EUR)
309.4
151.3
+104%
Total (billion EUR)
568.8
348.8
+63%
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.
