Euronext launches option contract on Euronext Eurozone Banks Index Future


Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris 6 September 2021 – Euronext today announced the launch of an option contract on the Euronext Eurozone Banks Index which has been co-designed with market participants.

The launch of this option contract follows the successful launch of a future on the Euronext Eurozone Banks Index in May 2021.  Over 10,500 lots have been traded on the contract, representing a total nominal value traded of €290 million.

Through this derivatives offering on the Euronext Eurozone Banks Index, Euronext aims to provide value-added solutions to market participants and to combine strong financial advantages compared to competitors’ offering, thanks to:

  1. A nominal value which is five times larger to enable economies of scale at the clearing level;
  2. A fair cost structure as fees are approximately 75% cheaper;
  3. Lower Large-in-Scale minimum sizes, to facilitate off-screen transactions;
  4. On-screen liquidity provided on both contracts by different market makers, who share our commitment to develop a cost-efficient solution to trade within the Eurozone banking sector: BNP Paribas, DRW, Flow Traders, Mako, Tower Research and Societe Generale;
  5. Clearing efficiencies at the portfolio level, notably with derivatives on other Euronext benchmarks.

Stéphane Boujnah, CEO and Chairman of Euronext, said: A few months after the launch of our future contract, our new option contract on the Euronext Eurozone Banks Index has been co-designed with market participants to answer strong demand for an alternative product with a fair cost structure to trade the Eurozone banking sector. In line with what we have already implemented on our dividend futures, this combination of higher nominal value and lower exchange fees is expected to be extremely well received by clients, such as the improved accessibility to off-screen transactions.”

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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