Brexit is having a positive impact on the use of derivatives, says derivatives exchange Eurex in its latest monthly report. Market participants are focussing on the finance industry because of uncertainty around Brexit, it comments.
The departure of the UK from the EU entails significant changes to many banks’
business and operational models, it adds. This was reflected in strong volumes at Eurex, driven by a series of corporate news and related events.
Eurex says that market participants turned to its products to express their views on banks’ business strategies ahead of the reporting season. Europe’s largest derivatives exchange, is part of Deutsche Börse Group.