Frankfurt-based derivatives exchange Eurex plans to list 17 sterling-denominated single-stock futures in May.The contracts, which are the first sterling-denominated products to be listed on Eurex, will cover all the sterling components of the Dow Jones Stoxx 50 Index. This includes Royal Dutch Shell, and large UK-based companies such as Barclays, HSBC, BP and Vodafone. The cash-settled contracts will have an underlying of 1,000 shares each, and will list on May 21.
Eurex’s move has been made possible by the recognition of its clearing arm as an 'overseas clearing house' by the UK Financial Services Authority. Single-stock futures are already offered by Eurex on companies in all other main European markets. Adding the 17 UK names means it now offers more than 400 different futures on various European companies. Peter Reitz, a member of the board at the exchange, said customers would benefit from cross-margining with its other products.
UK single-stock futures are already offered by London-based Euronext.liffe, whose parent company Euronext completed its merger with NYSE Group today (April 4). Eurex's parent firm Deutsche Börse had rivalled NYSE's bid during talks with Euronext, which broke down last November.
More on Exchanges
NYXBT will initially be based off data from Coinbase Exchange.
German exchange group signs joint venture deal with CFFEX and Shanghai Stock Exchange
A mostly positive mix of Q1 results also yield big increases in data revenues for some exchanges.
Volumes jump following revamp of Sydney bourse's clearing incentive scheme
Sign up for Risk.net email alerts
Sanjay Sharma talks about risk transparency and how his book helps achieve it.
A five-minute formula from Alexander Denev that takes you through a simple probabilistic graphical model and explains how and why these are used. Find out more about the ground-breaking book, Probabilistic...
Industry leader Vincent Kaminski discusses the challenges faced by energy markets and his new book, Managing Energy Price Risk, 4th Edition.
Momtchil Pojarliev talks about his book, The Role of Currency in Institutional Portolios, currency investing and the potential role of currencies in institutional portfolios.
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.