OREANDA-NEWS. The launch of Euro Bund options with weekly expiration dates on the international derivatives market Eurex Exchange (a subsidiary of Deutsche Börse Group) on 20 April 2015 has met with considerable demand. The average daily traded volume since launch has reached more than 8,000 contracts. Open interest peaked above 61,000 contracts.

Eleven market makers made a significant contribution to liquidity creation. The proportion of weekly options in the volume of Euro Bund options with longer maturities is currently over three percent.

“We are very pleased with the observed level of market interest. The progress of volumes proves our strategy of developing derivatives in cooperation with market participants to facilitate risk management of portfolios and positions,” said Eurex Executive Board member Mehtap Dinc.

The new weekly options are offered with expiration dates on the five following Fridays. They have similar product specifications to the existing Bund options: the contracts will be physically settled, denominated in euros with a minimum price change of one tick (= 10 euros). Trading hours are from 8 a.m. to 5.15 p.m. CET.