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Germany : Eurex introduces new index derivatives.

The international derivatives market Eurex Exchange will offer four new index derivatives as of 10 February 2014. The market introduction of futures and options on the ATXA, ATXA five, CECEA EUR and RDXA EUR indices is based on the licence agreement with Wiener BE[micro]rse AG, which was signed in October 2013. With this step, Eurex Exchange is enhancing its successful Austrian equity futures and equity options segment.

The listing of ATX index futures and options will lead to further trading strategies in the Austrian market for our global customer network and will improve the market efficiency significantly, explained Mehtap Dinc, member of the Eurex Executive Board. Moreover, the CECE EUR Index, which is based on Eastern European markets, is an ideal complement to the RDX USD index futures and options already listed.

In 2013, around 8.8 million contracts were traded in Austrian equity derivatives and around 1.8 million contracts in RDX USD index derivatives.

All new index futures and options will be settled in cash. The futures will be tradable from 8 a.m. to 10 p.m. CET, the options in accordance with the trading hours of the underlying cash markets. The contract value is 10 per index point. Eurex Exchange will be offering a market-making incentive program in order to quickly achieve sufficient liquidity in the order book.

Further information:

The ATX Index contains the 20 best performing Austrian stock corporations.

The ATX five consists of the five largest securities in the ATX Index.

The CECE EUR comprises the 25 largest listed stock corporations on the Polish, Czech and Hungarian stock exchanges.

The RDX EUR consists of 15 Russian securities listed as ADRs/GDRs outside of Russia.

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Publication:Mena Report
Date:Jan 21, 2014
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