Tuesday January 21 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
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 ATX®, ATX® five, CECE® EUR and RDX® EUR indices is based on the licence agreement with Wiener Börse AG, which was signed in October 2013. With this step, Eurex Exchange is enhancing its successful Austrian equity futures and equity options segment.
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.
Click on above link for further details.