Press

As of 11 May 2009, the leading derivatives exchange Eurex will increase the minimum price change (tick size) for futures based on medium-term (five years) debt instrument issued by the Federal Republic of Germany (Euro-BOBL-Future) from 0.005 to 0.01 percent. The tick size of the BOBL option will remain unchanged at 0.005 percent.

Peter Reitz, member of the Eurex Executive Board, explained: “Our decision is based on an extensive consultation process with our customers. The full tick will provide market makers, such as tick traders and calendar spread specialists, with a better risk/reward profile and thus encourage quoting. This step will improve overall order book liquidity.”