Service Navigation

Equity Index Highlights - July 2018 edition

Release date: 15 Jul 2018 | Eurex Exchange

Equity Index Highlights - July 2018 edition

Market Briefing

 

Zubin Ramdarshan, Head of Equity and Index Product Research & Development

Facts & figures


News section

In June, Eurex finalized its work on EURO STOXX 50® options with month-end expirations.

  • We launched the new products on 9 July. They are another part of our buy-side initiative as they meet the needs of insurers and other market participants that offer pension schemes tracking an index with monthly calculation dates.
  • EURO STOXX 50® month-end expiry index options have been listed in response to requests from the market to allow the transition from OTC into an exchange cleared environment.

The first deals of Swiss equity derivatives have been arranged on our RfQ platform EnLight following the extension of our product range to cover equity options and equity index options on Swiss underlyings.

  • Within the first three weeks after the launch - that is between 19 June and 11 July 2018 - we have already seen 30 requests, 43 responses and a total of 10 deals arranged on Eurex EnLight in this segment.
  • We will continue to extend Eurex EnLight into the equity derivatives space according to clients' needs.
  • We are planning to launch EURO STOXX® options in the first quarter of 2019, and we are currently analyzing whether further segments will be launched in between.

Block trades or central limit order book? EnLight-ment and Improve-ment may be the solution.

  • We at Eurex spent a lot of our innovative power to create new market models under the MiFID II framework that meet both the regulator's need for transparency and the industry's need for discrete execution of large orders.
  • In parallel with Eurex EnLight, our selective RfQ based service, we are working on another new service that we named Eurex Improve. This market-driven solution is designed to increase interaction of customer flow by introducing a price improvement competition in the order book. More news to follow.

TRF marked another Open Interest record at 496,000 contracts. This equals roughly EUR 17.0 billion.

  • Average Daily Volume is now at 5,500 contracts (year to date), which translates to EUR 200 million.
  • The product has seen a gradual increase in the repo rate over the last few months. In June, the curve jumped significantly with TRF spreads turning negative on the September and December expiries.
  • This means that the repo rate has increased and reverted to positive. For the September 2018 expiry, this is a 36 basis points move in a month for the December 2018 expiry it is 28.5 basis points.
 

Equity Index Highlights – January 2019 edition

Equity Index Highlights – January 2019 edition

Market briefing The story of 2018 was the long-awaited mean reversion of equity market volatility, driven by geopolitical tensions. Volatility ...

Equity Index Highlights – December 2018 edition

Equity Index Highlights – December 2018 edition

Market briefing Volatility was this month's theme, as November took us on a roller coaster ride leaving us right back where we started. It seems ...

Equity Index Highlights – November 2018 edition

Equity Index Highlights – November 2018 edition

Market briefing October saw 10-year US treasuries confirm the technical breakthrough of the psychological 3% yield barrier. This confirmation was ...

Equity Index Highlights – October 2018 edition

Equity Index Highlights – October 2018 edition

Market briefing Zubin Ramdarshan, Head of Equity & Index Product Design, Eurex Facts & figures News section Asia, MSCI and Eurex' ...

Equity Index Highlights - September 2018 edition

Equity Index Highlights - September 2018 edition

Market Briefing As the summer ends and we move into September, a statistically poor month for equity markets, there are several themes which are ...

Equity Index Highlights - August 2018 edition

Equity Index Highlights - August 2018 edition

Market Briefing Without knowing in how far temperatures and trading volumes are negatively correlated, Eurex notes that, while the month of July ...

Equity Index Highlights - July 2018 edition

Equity Index Highlights - July 2018 edition

Market Briefing [Video] Zubin Ramdarshan, Head of Equity and Index Product Research & Development Facts & figures News section In June, ...

Equity Index Highlights - June 2018 edition

Equity Index Highlights - June 2018 edition

Market briefing The result of the Italian elections dominated the headlines in May and drove volatility substantially higher. However, more ...

Equity Index Highlights - May 2018 edition

Equity Index Highlights - May 2018 edition

Market briefing The equity market correction triggered in February that brought volatility has faded as global equity markets made gains in April.

Equity Index Highlights - April 2018 edition

Equity Index Highlights - April 2018 edition

Market briefing The market briefing, given by Markus-Alexander Flesch, Global Head Sales Equity & Index Derivatives, is packed with news and ...

 
 
 

Interest rate derivatives

Welcome to the home of the euro yield curve

Interest rate derivatives make up one of the largest markets in the world. About 70 percent of all listed and centrally cleared euro interest rate derivatives are traded on Eurex Exchange. These figures relate to the fixed income and money market segment.

Coverage of the euro yield curve

Interest rate derivatives

Equity Index Newsletter & Market Briefs

Subscribe and get our monthly Equity Index Newsletter and Market Briefs by Zubin Ramdarshan, Head of Equity and Index Product Research & Development

Stay ahead of the curve with our fixed income derivatives

Fixed Income Flyer

As the home of the euro yield curve we cover the entire euro yield curve from overnight to long dated bond futures. This new flyer informs about our product spectrum of cash bonds, repo, listed and OTC derivatives.

All about our fixed income portfolio

We list some of the world's most heavily traded fixed income futures as well as fixed income options.

All about our money market portfolio

With our EURIBOR and EONIA derivatives as well as the EUR Secured Funding and LDX IRS Constant Maturity Futures you can manage short-term liquidity and interest rate risks in the best possible way.

All about Eurex Repo

Eurex Repo is the leading European market place for international secured funding and financing covering the GC Pooling, Repo, SecLend and Triparty Repo.

Vassily Pascalis

London Representative Office
Sales

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

T +44-20-78 62-72 11

 

Market Status

XEUR

-

-

Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Production newsboard

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board 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 indications in the market status window but to always check the production news board for comprehensive information on an incident.

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