Eurex to begin listing daily options
22 August 2023 Germany
Image: abdulmoizjaangda/stock.adobe.com
European derivatives exchange Eurex will offer daily options from 28 August 2023, starting with EURO STOXX 50 index end of day options (OEXP).
Eurex’s OEXP offering will include daily and month-end expirations for the next three consecutive months.
OEXP options differ from existing EURO STOXX 50 index options (OESX) in that OEXP contracts are settled at trading close, with settlement based on the index closing price calculated at 17:30 CET.
Quotes on the options will be provided by four liquidity providers from trading day one; All Options, IMC, Maven Securities, and Optiver.
Eurex says demand for daily expiring stocks has increased in recent years, particularly among institutional investors.
Randolf Roth, member of the Eurex executive board, says: “Particularly against the backdrop of increasingly volatile markets, daily options are another innovative solution for the professional market to efficiently manage exposures in a regulated and transparent market environment.”
Eurex’s OEXP offering will include daily and month-end expirations for the next three consecutive months.
OEXP options differ from existing EURO STOXX 50 index options (OESX) in that OEXP contracts are settled at trading close, with settlement based on the index closing price calculated at 17:30 CET.
Quotes on the options will be provided by four liquidity providers from trading day one; All Options, IMC, Maven Securities, and Optiver.
Eurex says demand for daily expiring stocks has increased in recent years, particularly among institutional investors.
Randolf Roth, member of the Eurex executive board, says: “Particularly against the backdrop of increasingly volatile markets, daily options are another innovative solution for the professional market to efficiently manage exposures in a regulated and transparent market environment.”
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