A new margin model for Euronext Single Stock Dividend Futures

Following the migration of Euronext’s financial derivatives markets to Euronext Clearing in September 2024, a new margin model has been implemented and applied to Euronext’s Single Stock Dividend Futures offering. This has significantly lowered the levels of immobilised capital, and complements strong clearing efficiencies at the portfolio level, powered by Euronext Clearing.

The benefits of the migration and competitive trading fees make Euronext’s financial derivatives offering highly attractive to investors.        

Trade Euronext’s large range of Single Stock Dividend Futures (SSDF), available for trading across 16 countries.

What are the key advantages of trading Euronext's Single Stock Dividend Futures?

• Lower prime brokerage costs  thanks to a 10,000 multiplier

• Take advantage of the lowest fee among the pan-European markets for both on and off-screen trading

• Reduce capital costs thanks to an efficient portfolio approach

The importance of European Corporate Actions Committee 

Euronext, as the other exchange players in Europe, have committed to a harmonised treatment of corporate actions. The European Corporate Actions Committee ensures a safe trading environment which benefits market participants investing in dividend derivatives.

To find out more about Euronext Single Stock Dividend Futures, download the presentation.

Download
January2025

2025 European Dividend Outlook

S&P Global Market Intelligence has provided a comprehensive analysis of 2025 European Dividend trends, predicting a 2.5% decrease year-over-year (YoY) to €489 billion in 2025 due to a reduction in one-off variable dividends. Excluding one-off dividends, the underlying growth in dividends is projected to be 3.2%. This indicates that regular, recurring dividends are expected to grow. The report anticipates a return to growth in 2026, with a projected increase of 5.2% in total dividends.

To find out more about S&P Global’s analysis, download the S&P Global’s 2025 European Dividend Report.

Download

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.

 download the Brochure