Eurex is planning to halve the tick size for its Bobl bond futures contract from 8 June, a move which has surprised and angered some sectors of the industry. Additionally, there is substantial belief in the market that the exchange has taken the decision without the full backing of several of the larger Bobl traders. Eurex, however, refutes such claims.
A source at one Eurex member firm told FO Week that there is resistance to the proposed move from several proprietary trading firms, investment banks and industry bodies.