Introduction of a Designated Market-Making scheme for futures

Supporting liquidity in futures on the EURO STOXX 50® Corporate Bond Index from the start of trading on 19 September, 2017.

Now live: Corporate Bond Index Futures on the EURO STOXX 50®

Manage your credit risk exposure of core Eurozone countries.

EURO STOXX 50® Corporate Bond Index Futures

Efficient hedging for your structured products.

Start/Stop

Corporate Bond Index Futures

Corporate Bond Index Futures

A unique, exchange-traded offering for the corporate bond market in Europe.

With the EURO STOXX 50® Corporate Bond Index Futures, Eurex provides buy- and sell-side a versatile and efficient hedging instrument to manage and replicate most of the existing interest rate and credit risk of core Eurozone countries. The Corporate Bond Index Future is a cash settled index future with a quarterly expiry and the unique advantages of an exchange traded, straight-through processed and centrally cleared product. As it has the structure of a standard Eurex index future, it can be easily added to customers’ existing infrastructure.

Corporate Bond Index Futures: manage your credit risk exposure of core Eurozone countries

The European Fixed Income Markets are in a state of fundamental change with investment banks and asset managers restructuring their businesses to meet new regulatory requirements. At the same time buy-side firms’ investment approach is undergoing structural changes as passive products such as exchange-traded funds (ETFs) are gaining momentum. Along with an extraordinary monetary policy, these changes are creating a need for alternative instruments for hedging and portfolio management in the European corporate bond market.

Key benefits

Futures alternative

An unrivalled trading and hedging alternative in the European corporate bond market, Corporate Bond Index Futures serve as a proxy for the debt of the EURO STOXX constituents and an alternative to corporate credit default swaps (CDS).

Optimized portfolio management

Reduce tracking risk and help generate leveraged access to corporate bond beta as a portfolio overlay.

Operational efficiency

Improve daily operational procedures (e.g. cash bond settlement procedure).

Support the development of structured products

Offer banks that sell bespoke and structured products an efficient hedge.

Spread trading opportunities

A liquid instrument to trade Eurozone corporate debt versus 5-year German government bond futures (FGBM) or versus EURO STOXX 50® equity index futures. Exchange for Physicals (EFP) Services allow for the simultaneous purchase/sale of futures along with a sale/purchase of the underlying bond or another futures contract. 

Block Trade Services

In addition to the Central Limit Orderbook (CLOB), Corporate Bond Index Futures trades can also be agreed bilaterally, and subsequently registered via Eurex’ T7 Entry Services. The minimum block trade threshold is 100 contracts (does not apply to EFP).

A new asset class – first listed futures on a European Corporate Bond Index

An introduction to the EURO STOXX Corporate Bond Index

STOXX: Corporate Bond Index

Based on the debt of the constituents of the benchmark EURO STOXX 50® index, the Corporate Bond Index is the only index that tracks the performance of investment grade, EUR-denominated, corporate bonds of the EURO STOXX 50® constituents. Tailored index methodology, real-time calculation every minute and independent data source guarantee quality of valuation services and improved market transparency.

Vassily Pascalis

London Representative Office
Sales

11 Westferry Circus, 2nd Floor, Canary Wharf
London E14 4HE

T +44-20-78 62-72 11

Jutta Frey-Hartenberger

Eurex Frankfurt AG
Global Product Research and Development

Mergenthalerallee 61
65760 Eschborn

T +49-69-211-1 49 88

 

Market Status

XEUR

-

-

Trading System experiencing issues

Trading System experiencing serious issues

Production newsboard

The Market Status Indicator displays the current technical availability of the trading system.

It indicates whether Production Newsboard messages regarding current technical issues of the trading system have been published or will be published shortly.

We strongly recommend not to take any decisions based on the Market Status Indicator. Please, always check the Production Newsboard for comprehensive information.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.