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19 Jan 2023

Eurex

Dividend Derivatives: Recap of 2022

2022 has been a record year in dividend derivatives, with more than 20 million contracts traded (+20% vs. 2021), surpassing the exceptional year for dividend derivatives in 2020.

During the volatile year of 2022, the focus and growth were mainly in index dividend derivatives (EURO STOXX 50® Index Dividend Futures, EURO STOXX 50® Index Dividend Options and EURO STOXX® Banks Index Dividend Futures), after a more subdued 2021. The index dividend futures were up 64% vs. 2021 and the dividend options were up 38% vs. 2021.

Single Stock Dividend Futures (SSDF) had a less exciting year in 2022, with volumes slightly down (-8% vs. a very good year for SSDF in 2021). However, the quarterly expiries in SSDF continued their success and growth in 2022 and now account for 32% of the overall SSDF volumes (vs. 25% in 2021). Our market share in SSDF is also back to above 90% in 2022.

Finally, 2022 saw the successful launch of the EURO STOXX® Banks Index Dividend Options (OEBD), with over 60,000 contracts traded since its launch.