Tuesday May 21 2013
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: Italy
IDEM, the equity derivatives market of Borsa Italiana, has broadened its offering, launching new futures on the dividends of single European blue-chip stocks. The new product has been launched in response to investors demand for trading the expected dividends of 23 major listed European issuers.
BNP Paribas Arbitrage, Optiver and Société Générale are partnering the initiative as Primary Market Makers supporting liquidity. The dividend futures contracts will initially cover the ordinary shares of the following companies: Assicurazioni Generali, Enel, Eni, Intesa Sanpaolo, Telecom Italia, UniCredit (Italy); Anheuser-Busch InBev (Belgium); Axa, BNP, France Télécom, GDF Suez, Sanofi-Aventis, Société Générale, Total, Vivendi (France); Banco Santander, Telefónica (Spain); Daimler, Deutsche Bank, Deutsche Telekom, E.ON, Siemens (Germany); Arcelormittal (Luxembourg).
In order to support the product launch, trading and clearing fees will be fully waived until 30 June 2013.
Click on the above link for more details.