Global derivatives exchanges Eurex, International Securities Exchange and CME Group all reported a surge in daily volumes during August as investors piled into exchange-traded derivatives to mitigate against the extreme volatility in the markets.

Eurex Group reported a 69% rise in its average daily volume of contracts traded in August this year compared to August 2010, according to its monthly report which includes figures from the ISE. The rise in daily average volume from 7.8 million in August 2010 to 13.2 million last month was put down to investors seeking protection from the volatility.