Euronext today extends the scope of derivatives contracts available on the Euronext Eurozone Banks Index. Market participants can now take positions on the Euronext Eurozone Banks Dividend Index Futures Contract, in addition to the existing Futures and Options contracts.
On-screen liquidity will be provided by BNP Paribas and Optiver, and off-screen liquidity will be offered by all the main counterparties.
The Euronext Eurozone Banks Dividend Index Future has been co-designed with market players to offer easy access to block trades while ensuring users benefit from fair transaction fees.
Advantages of the new Eurozone Banks Dividend Index Futures Contract for investors
In line with Euronext's existing high-quality offering for trading the Eurozone banking sector, the Euronext Eurozone Banks Dividend Index Future contract offers strong advantages to investors.
- Higher nominal value (6x bigger) to generate economies of scale at the clearing level
- Fair cost structure with lower fees (approx. -75%)
- Smaller block sizes for easier access (3 lots for approx. €45k).
Read more about Euronext's offer for trading the Eurozone banking sector: