Euronext Offers Option Contract on Euronext Eurozone Banks Index Future

​Euronext announced today the launch of an option contract on the Euronext Eurozone Banks Index which has been co-designed with market participants.

The latest launch follows the successful roll-out of a future on the Euronext Eurozone Banks Index in May 2021. More than 10,500 lots have been traded on the contract, with a total nominal value traded of €290 million, according to the exchange.

Through this derivatives offering on the Euronext Eurozone Banks Index, Euronext is intended to provide value-added solutions with market participants and to combine strong financial advantages compared to competitors’ offering, thanks to:

• A nominal value which is five times larger to enable economies of scale at the clearing level;

• A fair cost structure as fees are approximately 75% cheaper;

• Lower Large-in-Scale minimum sizes, to facilitate off-screen transactions;

• On-screen liquidity provided on both contracts by different market makers, who share Euronext’s commitment to develop a cost-efficient solution to trade within the Eurozone banking sector: -BNP Paribas, DRW, Flow Traders, Mako, Tower Research and Societe Generale;

• ​Clearing efficiencies at the portfolio level, notably with derivatives on other Euronext benchmarks.