News Center
Jun 29, 2011

Eurex

Deutsche Bank acts as market maker in Eurex’s dividend option

The international derivatives exchange Eurex announced today that Deutsche Bank will serve as a market maker in the option on the EURO STOXX 50® Index Dividend future. Deutsche Bank is the first Permanent Market Maker in this product, providing continuous quotation in the order book. Since 1 June 2011, Eurex Exchange has been offering its Permanent Market Makers who fulfill predefined quote obligations in the option on EURO STOXX 50 Index Dividend future significant rebates until the end of 2012.

"We are pleased to have Deutsche Bank as a Permanent Market Maker as price transparency in the order book is one major precondition for the further success of our dividend option," said Peter Reitz, member of the Eurex Executive Board. "With our option on the EURO STOXX 50 dividend future, investors can hedge the income streams from the dividends of the euro zone’s leading equity index and thus improve risk management of expected dividends in their portfolios."

Eurex launched its dividend options in May 2010. So far in 2011, more than 270,000 options contracts were traded, while open interest is approximately 260,000 contracts.

The dividend options are part of Eurex's dividend derivatives product suite, with the initial products introduced in June 2008. Year to date, in all dividend products approximately 20,000 contracts are traded daily; altogether more than 2.4 million contracts in 2011. Open interest stands at 1.6 million contracts currently, representing approximately 11 billion euros of notional dividend value.

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.