The international derivatives exchange Eurex, has announced further expansion
of its product offerings by introducing new equity options on Austrian and Swiss
underlyings. The exchange also intends to launch more than 100 new single stock
futures in December 2007 and January 2008.
The recently launched Austrian equity options segment will be extended, with
five new options on Austrian Airlines, Intercell, Österreichische Post,
Strabag and Wiener Städtische Versicherung. The new options will be available
as of 10 December. According to Eurex, since the launch of this segment in September,
it has already gained a market share of 25% (nominal value adjusted to be comparable
with local derivatives market), thanks to "very competitive pricing".
To encourage trading and support liquidity of Austrian equity options, the trading
fee in December 2007 will be lowered by 50% to 0.10 Euro cents.
Two new equity options on Swatch Bearer Shares and BB Biotech will be launched
on 17 December, and will complement the Swiss equity options segment. Contract specifications
of the new options will be in-line with the existing products, Eurex explained.
Additionally, due to the inclusion of Deutsche Börse AG and Volkswagen
in the Dow Jones Euro STOXX 50 index, Eurex will increase the available contract
months for equity options based on these two underlyings from 24 months to 60
months, as of 10 December.
As part of the announced single stock futures (SSFs) expansion, Eurex will
also introduce 107 new SSFs in December 2007 and January 2008. A block of 17
single stock futures will start trading on 10 December, a block of 20 further
SSFs will follow on 17 December, and another block will be launched on 7 January,
2008. 54 out of these 57 new SSFs will have UK stocks as underlying and will
be denominated in British Pounds, with the remaining three being based on Russian
underlyings, and priced in US dollars. Starting on 21 January 2008, Eurex will
further expand its offerings with 50 single stock futures on US underlyings,
namely the top companies of the benchmark index S&P 500.
Eurex is one of the world's leading derivatives exchanges, and is jointly operated
by Deutsche Börse AG and SWX Swiss Exchange. Trading volume at Eurex regularly
exceeds 1 billion contracts a year.