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The international derivatives market Eurex Exchange has today announced a new initiative designed to further enhance the appeal of its short-term interest rate derivatives suite.
The new initiative includes a 4-month fee holiday for EURIBOR futures. The zero fees period on trading and clearing of EURIBOR futures will be available from 10 December 2014 until 31 March 2015.
In addition, a range of new functionalities have been introduced with the latest update of the T7 trading system. The new release, introduced this week, provides market participants with the full range of functionalities required for money market derivatives trading, including packs, bundles and strips.
Eurex is the only market operator offering the full range of Euro-denominated interested rate derivatives: listed secured money market futures, short-term and long-term futures and options as well as cleared OTC interest rate derivatives. This comprehensive product suite enables market participants to realize significant capital efficiencies and benefit from cross-margining for all listed and OTC interest rate derivatives within one single trading and clearing venue.
The new scheme also supports trading of the recently launched EURIBOR mid-curve options where Eurex has seen increasing trading volumes and a significant rise in open interest.
“We have a clear vision and this initiative is part of it: We want to be the home for all interest rate derivatives covering the Euro yield curve. We are very pleased that major market participants strongly support our latest initiative,” stated Michael Peters, member of the Eurex Executive Board.
The current product scope of Eurex Exchange in interest rate derivatives can be seen here:
