Eurex traded 200.0 million derivatives contracts in October 2026, compared with 157.6 million a year earlier, an increase of 27% according to figures released on 6 November. Interest rate derivatives drove most of the expansion: volume increased from 80.4 million to 114.2 million contracts, or 42%. That makes rates the central broker-facing story behind the overall headline, rather than a broad-based 27% increase in every product.[1]
Index derivatives rose 15% to 60.7 million contracts and equity derivatives gained 4% to 25.1 million. Rates therefore accounted for roughly 57.1% of Eurex’s 200 million reported derivatives contracts in October, compared with about 51.0% of the 157.6 million reported a year earlier. Those shares are our calculations from the exchange’s published totals; small rounding effects follow from figures presented to one decimal place.[1]
The post-trade figures use a different unit and denominator. OTC clearing notional outstanding reached €64,589 billion, up 31% year on year, while average daily cleared notional increased 123% to €532 billion. Outstanding notional describes the stock of exposure represented in the clearing book; daily cleared notional measures activity. Neither is interchangeable with the number of exchange-traded futures and options contracts.[1]
Key facts and scope
| Measure | Verified position |
|---|---|
| Derivatives total | 200.0m contracts; +27% year on year |
| Rates contracts | 114.2m; +42% |
| Index contracts | 60.7m; +15% |
| OTC notional outstanding | €64,589bn; +31% |
| OTC cleared average daily volume | €532bn; +123% |
| Repo term-adjusted average | €534.4bn; +14% |
Overnight index swaps contributed significantly to the clearing expansion. Eurex disclosed €11,550 billion in outstanding OIS notional, 75% above the corresponding 2025 level, and €97 billion in average daily cleared OIS volume, up 158%. These two measures point to greater use of clearing in the product, but do not by themselves establish how much new net risk financial institutions added during the month.[1]
On the secured-financing side, Eurex Repo recorded €534.4 billion in average term-adjusted volume, up 14%. GC Pooling increased 28% to €294.8 billion, whereas the separate Repo segment was nearly flat at €239.5 billion, up 1%. A securities-financing desk cannot interpret those volumes as cash market turnover: the term adjustment and collateral-financing mechanics have their own reporting meaning.[1]
The combination is commercially relevant to brokers that connect clients to listed rate contracts, provide clearing access or manage collateral. More flow can increase execution and clearing workload, but revenues depend on fees, contract mix, customer agreements and net risk. Market participants must also distinguish liquidity on a screen from the amount of offsetting exposure that a clearinghouse reports in aggregate.[1]
What brokers should watch
Eurex’s release supplies no participant-level breakdown proving the source of the extra demand. The useful follow-up is whether increased rate-derivative and OIS clearing activity persists in November and whether quoted depth, spreads and collateral conditions improve with it. The 6 November figures describe October, not a new monetary-policy decision or a prediction of future returns.[1]
Sources & further reading
- October 2026 Figures at Eurex Deutsche Börse / Eurex · 6 Nov 2026 · Accessed 6 Nov 2026