Euronext expands into fixed income derivatives
Euronext will launch mini futures cash-settled on European government bonds, marking a major innovation in the financial derivatives market. Set to debut in September 2025, these contracts will provide additional trading opportunities, tailored for retail and institutional investors. This initiative aligns with Euronext’s strategic vision, leveraging its robust trading ecosystem to strengthen its leadership in European markets.
A major innovation in the financial derivatives market
Euronext is set to launch fixed income derivatives with the introduction of mini futures cash-settled on European government bonds. This marks the most significant innovation in the financial derivatives in recent years.
This offering will enhance accessibility and flexibility to investors, providing them with the necessary granularity for hedging and taking exposure to government bonds.
Leveraging Euronext’s fixed income trading ecosystem
Euronext is leveraging its leading position in the fixed income trading ecosystem to introduce fixed income derivatives. By building on MTS, its institutional bond trading platform, and the retail-focused MOT bond market, Euronext ensures broad appeal and high utility for retail and algorithmic trading communities.
The first-ever mini futures cash-settled on European government bonds
The first phase of this strategic expansion, planned for September 2025, will see the launch of the first-ever mini futures contracts on the Euronext Derivatives Milan market, with a focus on key European government bonds:
- Italy: 10-year and 30-year BTPs
- France: 10-year OAT
- Germany: 10-year Bund
- Spain: 10-year Bono
An offering tailored for retail and institutional investors
The Euronext mini-bonds futures offer key advantages:
- Mini-sized contracts provide accessibility and flexibility to a broader range of market participants
- Euronext’s Optiq® state-of-the art trading platform offers high performance and low latency
- Liquidity is guaranteed by dedicated market makers committed to provide liquidity on a continuous basis
- Euronext Clearing provides robust risk management capabilities with an efficient risk model
- Trading execution is enhanced thanks to advanced colocation services and Euronext’s fully integrated market infrastructure
Aligned with Euronext’s strategic vision
This initiative aligns with Euronext’s ‘Innovate for Growth 2027’ strategic plan, which focuses on leveraging the group's comprehensive trading value chain to develop innovative products that meet evolving market demands. By introducing this suite of derivatives, Euronext further cements its leading position in the European financial markets, delivering unparalleled value to its clients.