Eurex Exchange Plans To Launch ATX-based Futures and Options

Eurex Exchange, one of the world’s leading derivatives exchanges has announced an initiative to launch four new futures and options

indexEurex Exchange, one of the world’s leading forex and derivatives exchanges has announced an initiative to launch four new futures and options packages beginning February 10, 2014, based on the Austrian Traded Exchange (ATX) and an amalgamation of other Eastern European indices, according to a Eurex statement.

The new offering highlights a comprehensive array of futures and options in accordance with Wiener Börse AG, based on a prior agreement last October. In particular, the Wiener Börse leading index ATX tracks and discern price trends of the most liquid and capitalized stocks and options in the market. Subsequently, the deal will place the new options on the ATX, ATX five, CECE EUR, and the RDX EUR. The goal of the venture was ultimately designed to increase the Eurex Exchange’s exposure to an already robust suite that includes an assortment of Austrian equity futures and options.

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According to Mehtap Dinc, a Member of the Eurex Executive Board, “The listing of ATX index futures and options will lead to further trading strategies in the Austrian market for our global customer network and will improve the market efficiency significantly. Moreover, the CECE EUR Index, which is based on Eastern European markets, is an ideal complement to the RDX USD index futures and options already listed.”

The Vienna Stock Exchange (Wiener Boerse) logo is displayed next to the company's street entrance in ViennaThe move also heralds an initiative to tap into the growth of the ATX – in 2013 alone, approximately 8.8 million new contracts were exchanged in the ATX, while nearly 1.8 million contracts were traded in the RDX USD derivatives indices, via an ATX report outlining yearly volumes and contracts. In addition, Eurex is reporting that the new index futures and options are to be settled in cash, not unlike the present handling of futures, options and derivatives contracts.

According to Eurex, the contract value of €10 per index point. For this reason the Eurex Exchange plans to launch a program to raise the necessary liquidity in order books. Further details of the program are expected to be released closer to the February 10 start date of the new options offering.

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