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The past week's events in Ukraine have cast a shadow over us all. However, at a human level, it has been hugely encouraging to witness the immense support and willingness for a positive outcome for the people impacted.
Under a gloomy environment, members had to navigate the challenging market volatility. Here, Eurex managed to remain open throughout the trading hours and, naturally, the benchmark contracts of the EURO STOXX 50®, including the TRFs and dividend futures, Banks sector, KOSPI 200, STOXX® Europe 600, DAX® and VSTOXX® derivatives, saw a flight to liquidity.
The other new dimension now becoming relevant and impacting markets is sanctions on Russian securities, entities, and persons. These all take significant time for participants to digest, interpret, analyze and react accordingly to ensure compliance; Eurex is no exception here. This recent bout of volatility has meant the focus on new product launches understandably shifts. However, we aim to keep the key initiatives on track for this year. The support of members is again highly appreciated and fully recognized.
I wish for all to have happier days ahead. I am a natural optimist; I believe this will materialize, even when the situation deteriorates in the short term. I hope markets continue to treat all our members and customers well.
