Thursday July 27 2017
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: European Union
Link: https://www.euronext.com/en/news/new-tradable-indices-go-live-euronext
Euronext announced the launch of the Morningstar® Eurozone 50 IndexSM and Morningstar® Developed Markets Europe 100 IndexSM on Euronext. The launch of the new European indices for blue chips follows the signing of a strategic agreement with Morningstar announced in March 2017 to develop a series of derivative products based on Morningstar indices.
The indices developed by Euronext and Morningstar aim to provide different investor profiles (asset managers, brokers, ETF issuers, banks and trading desks) with equity beta indices that can be used as benchmarks and for investable product creation. The new indices are positioned as a competitive alternative to Europe’s existing offerings and are part of Morningstar’s Open Indexes Project, which delivers a portion of Morningstar’s global equity indices for no cost to the investment community for benchmarking purposes
The indices launch will be followed by Euronext’s launch of Futures contracts on the two new European indices in Q4 2017.
Please click on the above link for more information.