Eurex, CME and NYSE Liffe weigh long-dated inflation futures

Eurex, CME Group and NYSE Liffe are exploring the potential for long-dated inflation futures as an alternative to over-the-counter inflation swaps for pension fund managers – a possible new front in the futurisation war. Pension funds are seen as a likely source of demand because they are big users of swaps, which cannot currently be cleared and face heavy capital and margin costs as a result.

Previous attempts by both CME and Eurex to create liquid products based on inflation indexes, such as