Eurex has announced that it will list property derivatives after reaching an agreement with Investment Property Databank, the information provider.
The exchange plans to launch futures in the first quarter of 2009 based on the total returns of IPD’s commercial property indices. The move would bring an instrument that has always been an over-the-counter product on to a European exchange for the first time.
“I am very pleased that we will be the first European exchange to offer property derivatives to our customers,” said Peter Reitz, member of the Eurex executive board, in a statement. “The scope and coverage of IPD indices, their consistency...