20th Anniversary PSI 20 Futures

20 Year Anniversary Futures Contracts on the PSI 20 Index

We celebrate today the 20 year anniversary of the futures contracts on the PSI 20 index. To celebrate this anniversary, the team of BBVA Portugal (Luis Castro and Almeida (managing director), Manuel Ferreira and Daniel Mendes) rang the closing bell.

The first futures contract on the PSI 20 index was launched 20 years ago, on 20 June 1996. By the end of the first month of existence, the volume reached more than 3,000 contracts, a number that contrasts with June 2016 with over than 84,000. In terms of total volume, over these 20 years,  around 6.3 million futures contracts on the PSI 20 index were negotiated.

Since the migration of the Portuguese derivatives market to the Euronext platform, the number of members has more than doubled to 47. For the number of contracts traded in 2016 (until 17 June = 215,000), the Portuguese financial intermediaries account for 36% of the volume, followed by the Spanish with 35%, while the British members account for 24% of that amount.

In addition to futures contracts on the PSI 20 index, the benchmark of the market, there are currently 12 Single Stock Futures and 3 Single Stock Dividend Futures.
Four financial intermediaries act as Liquidity Provider on the PSI 20 Index Future: BBVA (Portugal), Banco Santander, SA (Spain), DRW Investments (UK) and Société Générale (France).