Euronext has launched the first ever mini-sized, cash-settled futures on the main European bonds, as part of the firm’s effort to further expand into the fixed income derivatives space.
Specifically, the mini-futures are focused on the main European government bonds, spanning the 10-year OAT, Bund, Bono, BTP and the first 30-year BTP, and are listed on the Euronext Derivatives Milan market.
Additionally, the contracts feature a notional size of €25,000 and cash settlement and are facilitated by Euronext Clearing.
Anthony Attia, global head of derivatives and post-trade at Euronext, said: “This initiative is central to our “Innovate for Growth 2027” strategic plan, which aims to leverage Euronext’s unique presence across the trading value chain to develop truly innovative products that meet evolving market demand. The launch of this offering comes at a crucial time for the European fixed income ecosystem, which is currently experiencing high volatility levels.”
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The offering also makes use of Euronext’s platform for institutional bond trading, MTS, as well as MOT bond market, which focuses on retail investors.
The contracts are set to support asset managers and institutional investors with hedging and taking exposure to government bonds.
The launch also follows news in July that Euronext is currently in discussions to acquire the Athens Stock Exchange (ATHEX) in a deal thought to value the trading venue at €399 million (on a fully diluted basis).
The talks with the board of directors of Hellenic Exchanges – Athens Stock Exchange specifically concerns a possible offer to acquire up to 100% of the shares in ATHEX.