Exchange of the year: Eurex

Risk Awards 2015: French and Italian bond contracts became popular hedges last year

Stuart Heath, Eurex

With interest rate volatility all but absent for three quarters of the year, and European sovereign bond markets locked in a non-stop rally, 2014 should have been a year to forget for an exchange that has fixed income as the beating heart of its franchise.

And yet, despite a torpid year for fixed income, currencies and commodities (Ficc) divisions, Eurex is toasting record volumes for several of its fixed-income contracts, as well as unveiling a raft of new launches in the asset class. Dealers

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