Electronification and indexed trading through portfolio trades and exchange traded funds (ETFs) have improved price discovery and liquidity in the fragmented credit markets landscape.
The over-the-counter (OTC) credit derivatives markets, however, remain opaque, operationally challenging and not universally accessible. Eurex can provide value here, as demonstrated in the equity index and government bond markets. Our Credit Index Futures markets are transparent and benefit from a diverse set of liquidity providers, ensuring narrow on-screen prices and off-book trades.
Since 2021, Eurex has offered market participants a unique and valuable set of investment vehicles to hedge and take synthetic long exposure on global credit markets via a suite of listed Credit Index Futures. Market consultations highlighted the need for a diverse product portfolio to express credit views using ETF and index derivatives, Cash bonds (portfolio trades) and OTC.
These standardized, exchange-traded contracts utilize a simple derivative structure widely used in the equity index futures market.
The current product suite includes the EURO Investment Grade, EURO High Yield, USD Emerging Markets and GBP Investment Grade segment. Eurex utilizes the Bloomberg family of fixed income indexes to leverage established benchmarks with which Eurex customers are already familiar.
Liquidity providers On-screen
Company | Member ID | Contact |
Flow Traders | NEDAM | Jasper Jansen |
Société Générale | SOGFR | Aziz Tikouirt |
Susquehanna | SISDB | Ronan Henderson |
Liquidity providers Off-book
Company | Member ID | Contact |
Flow Traders | NEDAM | Jasper Jansen |
Goldman Sachs | GSIEB | Antony Harden |
Jane Street | JSELO | Europe Institutional Sales team |
JP Morgan | JPDFR | EMEA Futures & Options Sales Execution |
Société Générale | SOGFR | Aziz Tikouirt |
Susquehanna | SISDB | Ronan Henderson Bruce Gunn SIS-Sales-ETF@sig.com |
Contacts
