Euronext.Liffe, the UK derivatives exchange, traded nearly 30 times as many contracts linked to the European overnight index average (Eonia) this week as Swiss-German rival Eurex, despite having only launched the product two days ago.

The Eurex contract, which was launched on January 27, traded a total of 266 contracts by Feburary 5, split into 166 in the first week and 100 to the middle of the second week. The Liffe contract, which started trading on February 4, was traded 363 times on the first day and 2,744 times on the following day.