The European volatility benchmark

VSTOXX® Derivatives

Use our VSTOXX® Futures and Options on the VSTOXX® index to take a view on European volatility.

It is designed to reflect the investor sentiment and overall economic uncertainty by measuring the 30-day implied volatility of the EURO STOXX 50®, offering the most accurate and cost-effective way to have access to European volatility.

Unlike trading volatility with hedged index options, there are no transaction costs in managing deltas for VSTOXX® derivatives. They are exchange-traded and centrally cleared, providing independent mark-to-market valuation and robust liquidity.

Traded Contracts and Open Interest



Key Benefits

  • Hedge your portfolio exposure in equity, credit and option portfolios
  • Explore spreads between European and non-European volatility indices
  • Diversify your portfolio by adding a new asset class
  • Generate additional alpha, due to the mean-reversion nature of volatility
  • Implement a tail risk hedge
  • Trade directional positions on the level of a single volatility index
  • Integrated spread matrix available for all futures maturities

Contract Specifications

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Margin efficiencies

VSTOXX® is part of Eurex Clearing Prisma

To fully benefit from cross margining efficiencies, take a look at our Eurex Clearing Prisma brochure. For highly accurate what-if scenarios and incremental risk calculations, use our online margin calculators

Liquidity Provider

Block Liquidity Providers - Options





Bank of America

Thomas Eshaghi



Houssam Chreim



King Bhattacharyya


Goldman Sachs

Gavin Dolan



Cathal Hardiman



Felipe Morales



Maikel Verdiesen



Rob Switzer



Daniel Mannion


JP Morgan

Federico Borghese


The European election, volatility and the US: Why does it all matter?

The European elections are coming up 6–9 June and the second half of 2024 holds some more election dates and macro events in store with the potential to move markets and generally increased volatility.

Upcoming elections and market volatility: What is the VSTOXX telling us?

Watch the Asset TV interview and learn more about the VSTOXX Futures and Options, the underlying index, high volumes and how investors and traders are using it in the year of elections and political risk.

Trade the European volatility benchmark

Explore this year's macro events and find an overview of dates.

Volatility Views Podcast

Listen to the newest edition of the podcast by "The Options Insider" and get more information on this week's volatility markets and the VSTOXX® review and outlook.

Systematic Approaches To Shorting VSTOXX Using Options

Analysis of three alternative approaches to shorting futures

Exploring Systematic VSTOXX Futures Trading

Gaining exposure to volatility expectations for the EURO STOXX 50®


Matthew Koren
Equity & Index Sales America

T +1-917-4952997

Matthew Riley
Equity & Index Sales EMEA

T +44-20-78 62-72 13

Eugen Mohr
Equity & Index Sales EMEA

T +1-312-544-10 84

Jane Yeo
Equity & Index Sales Asia

T +852-2530-78 07

Ralf Huesmann
Equity & Index Product Design

T +49-69-211-1 54 43