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If you want to order one or more copies of printed publications as listed below, please click on the respective order number.

NameTypeDateSizeFileOrder No.
Products 2012 
BrochureJan 20122370 kBE2E-153-0112
Equity Derivatives - Eurex Single Stock Futures - a multitude of opportunities 
BrochureNov 2011287 kBonly available online
Wholesale Trade Entry Facilities - Overview and Issues in Daily Operation 
PresentationJun 20111061 kBonly available online
Eurex Option Seminar: Introduction to Theoretical Pricing Models 
PresentationMay 2011453 kBonly available online
Eurex Fixed Income Option Seminar - Trading Strategies 
PresentationOct 2010 only available online
Eurex Fixed Income Seminar - Portfolio Strategies 
PresentationOct 2010 only available online
Eurex Equity Options - Portfolio Strategies 
PresentationOct 2010 only available online
Eurex Equity Options - Trading Strategies 
PresentationOct 2010 only available online
Eurex's Flexible Contracts mitigating counterparty risk for the buy side in OTC options

Byron Baldwin, Eurex
 
Article & SurveySep 2010270 kBonly available online
U.K. Equity Options at Eurex - Increase Pan-European Coverage of STOXX® Europe 600 Components 
FactsheetAug 201052 kBonly available online
Eurex OTC Flexible Contracts 
PresentationMay 2009772 kBonly available online
New from Eurex and ISE. More ways to trade US options from anywhere in the world 
FlyerMar 2009378 kBI5E-001-0309
The World of Equity Derivatives. The Essential Toolbox for Investors. 
BrochureSep 200816012 kBE2E-122-0908
Eurex OTC Trade facilities - Meeting the needs of the asset managment industry

Byron Baldwin, Eurex
 
Article & SurveySep 2008230 kBonly available online
Extension of Sector Index Product Range 
PresentationAug 20081980 kBonly available online
Introduction of Additional Spanish, Dutch, French and Belgian Equity Options 
PresentationApr 2008122 kBonly available online
Equity and Equity Index Derivatives - Trading Strategies 
BrochureAug 2007723 kBE2E-108-0807
Equity and Equity Index Derivatives - Trading Strategies - Questions and Case Studies 
BrochureAug 2007746 kBE2E-109-0807
Trading of Russian Derivatives: Is the Russian Market Becoming More Mature?

Tobias Ehinger, Eurex
 
Article & SurveyJun 200734 kBonly available online
Equity Derivatives - U.K. Single Stock Futures at Eurex - Your Line to the Full Dow Jones STOXX 50® Index 
FlyerMay 2007170 kBonly available online
Equity Derivatives - Russian Derivatives at Eurex - Gain Access to Emerging Markets 
FlyerMar 200798 kBonly available online
Russian Products - Index Future, Equity Options and Single Stock Futures 
PresentationFeb 2007178 kBonly available online
Quick Reference Guide Market Model 
BrochureJan 2007308 kBonly available online
Weathering portfolio extremes - Increased flexibility with options 
Article & SurveyDec 2006727 kBE4E-001-0107
Quick Reference Guide Trading 
BrochureDec 20062157 kBonly available online
On Estimating An Asset's Implicit Beta

Sven Husmann & Andreas Stephan; European University Viadrina
On Estimating An Asset\'s Implicit Beta
Siegel (1995) has developed a technique with which the systematic risk of a security (beta) can be estimated without recourse to historical capital market data. Instead, beta is estimated implicitly from the current market prices of exchange options that enable the exchange of a security against shares on the market index. Because this type of exchange options is not currently traded on the capital markets, Siegel\'s technique cannot yet be used in practice. This article will show that beta can also be estimated implicitly from the current market prices of plain vanilla options, based on the Capital Asset Pricing Model. We provide empirical evidence on implicit betas using prices of exchange options from the EUREX over years 2000 to 2004.
Academic StudyNov 2006338 kBonly available online
Equity Derivatives - Eurex Single Stock Futures - Multiply Your Trading Opportunities 
FlyerNov 2006152 kBonly available online
Wholesale Trading Services - Eurex Flexible Options - Custom-Made Terms and Conditions 
FlyerNov 200668 kBE5E-194-1106
Equity Derivates - Equity Options at Eurex - With a fresh Spanish Breeze 
FlyerNov 2006111 kBonly available online
Equity Derivatives - Scandinavian Equity Options at Eurex - Let your Performance Move up 
FlyerNov 200682 kBonly available online
Financial Market Models and Market Maker Spreads

Eurex Product Design
Financial Market Models and Market Maker Spreads
In this thesis we analyse market maker quoting behaviour at Eurex. We will look at bid and ask prices on equity index options and try to find explanatory variables for the cross-sectional distribution of the spread, i.e. the difference between the ask and the bid price. In contrast to former studies we have had the opportunity to analyse the quoting behaviour of individual market makers. Hence we can identify and ignore unwanted side effects of market maker models. We could explain most of the cross-sectional distribution with a three factor model. However, the main influence was found to be different for each market maker. An analysis of three different market makers reveals the spread size between bid and ask prices of a call option strongly depends on a) holding risk, measured by squared delta; b) Liquidity, measured by the time to expiry and c) cost of a substitute for a call position, measured by the spread of an equivalent put option. Surprisingly there was no significant correlation between market maker spreads and volatility of volatility. The function of an exchange is to provide a suitable market making model to create an equilibrium between supply and demand thereby ensuring high liquidity and transparency. Understanding the driving factors of market makers\' spread sizes can offer guidance in how to set the minimum tick size or the maximum allowed spread size.
Academic StudyAug 20061624 kBonly available online
Replicating Hedge Fund Returns Using Futures - A European Perspective

Cass Business School, Harry M. Kat
Replicating Hedge Fund Returns Using Futures - A European Perspective
Hedge funds tend to put a lot of effort into generating their returns and charge substantial fees to do so. However, with the latest performance evaluation studies indicating that hedge fund performance is not truly superior (anymore), the question arises whether it is possible to generate similar, hedge fund-like, returns in a more mechanical way and with less effort. In other words, is it possible to design dynamic trading strategies, mechanically trading stocks, bonds, etc., that generate hedge fund-like returns? If such strategies indeed exist, then this would solve a respectable number of problems surrounding hedge fund investments and alternative investments in general, including the need for extensive due diligence, liquidity, capacity, transparency, style drift and regulatory problems, as well as excessive management fees. In this paper we develop and demonstrate the workings of a technique that allows the derivation of dynamic futures trading strategies, which generate returns with statistical properties similar to hedge funds. Trading nothing else than Eurex DAX 30 and Euro Bund futures, we show that this technique is not only capable of replicating fund of funds returns, but is equally capable of replicating individual hedge fund returns. Accurately replicating the risk-return profile, but sharing none of the drawbacks of real hedge funds, our synthetic hedge fund returns are a worthwhile alternative to direct hedge fund investment.
Academic StudyMar 2006370 kBE5E-164-0306
Annual Derivatives in Fund Management Survey - 2005 
Article & SurveyMay 2005536 kBonly available online
Hedge Funds Trading Strategies 
Article & SurveyJan 200325 kBonly available online

 








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