ZURICH, SWITZERLAND (Commodity Online): Eurex Exchange, international derivatives market, has announced the launch of ten new dividend futures on March 2nd,2012 as part of expanding its successful dividend derivative segment.
The new futures are based on dividends from selected sector indices; out of the EURO STOX sector and STOXX Europe 600 sector indices the sectors banking, insurance, oil and gas, telecommunications and utilities will be covered.
The trading hours are from 8.30 am to 5.30 pm,CET and the minimum transaction size is one contract.
There will be a market incentive scheme to provide a liquid order book from the start.
Also, Eurex offers central clearing for bi lateral trading in the new products every trading day through Eurex Exchange's block trading OTC entry facility.
The first product in the dividend based segment was launched in 2008. More than 23,000 contracts were traded on average each day during 2011. In January 2012 average daily volume increased to 26,000 contracts.
