News Center
17 Sep 2015

Eurex

Eurex expands product offering on European government bonds

Futures contracts on Spanish government bonds available as of 26 October

Eurex Exchange, the international derivatives marketplace of Deutsche Börse
Group, will offer a new interest rate future based on the long-term bonds
issued by the Spanish government, starting 26 October 2015. The new
Euro-Bono-Futures contract represents an important addition to the existing
range of efficient and cost-effective hedging instruments on the European
government bond market, complementing Eurex’s already listed long-term interest
rate derivatives products such as Bund-, BTP- and OAT-Futures.

“With the introduction of this contract, we are responding to the significant
interest from our participants in more customized hedging solutions and in new
spread trading opportunities,” said Eurex Executive Board member, Mehtap Dinc.

Eurex Exchange offers a designated market-making program to create and develop
a liquid order book. A number of Eurex market participants have already
expressed their interest in the program.

The long-term Euro-Bono Future is based on deliverable bonds with a residual
maturity of 8.5 to 10.5 years and an original maturity of no more than 20
years. As with the existing government bond futures contracts, the notional
coupon will be 6 percent and the contract value 100,000 euros. The minimum tick
size will be fixed at 0.01 percent (10 euros per tick) in line with the tick
sizes of the other Eurex interest rate futures. Trading hours will be from 8
a.m. to 7 p.m. CET.

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