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Eurex will enter a new asset class launching Euro inflation futures. The new contract, which will be linked to the harmonised consumer price index, is scheduled to be launched on 21 January, 2008.
The contract will rival Chicago Mercantile Exchange’s own Euro-zone harmonised consumer price index future, which the American exchange launched on 19 September.
In a statement Peter Reitz, member of the executive board at Eurex hailed the launch, which he said will benefit traders who trade other Eurex products. “With our new futures contract, we expand into a new asset class, thus offerings our members new trading and hedging opportunities. Our future complements the existing OTC inflation derivatives and will significantly improve the liquidity in Euro inflation bonds and derivatives markets.”
Eurex’s announcement follows the exchanges decision to enter commodities with the launch of emission contracts, made last month.
“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”
Evgeny Serdyukov, director of F&O at RTS