Eurex will launch ETH futures and options on August 12, 2024, expanding its crypto derivatives suite.
This move follows successful Bitcoin derivatives launch in 2023.
Europe's
leading derivatives exchange, is set to broaden its cryptocurrency offerings
with the introduction of FTSE Ethereum Index Futures and Options on August 12,
2024. This move follows the successful launch of Bitcoin derivatives on Eurex
in 2023, marking another step in its strategy to provide regulated access to
major cryptocurrencies.
Eurex to Launch Ether
Futures and Options, Expanding Crypto Derivatives Suite
The new
Ethereum-based contracts will be available in both euros and US dollars, with
each contract representing 10 ETH, valued at approximately $35,000. These
cash-settled derivatives will expire on the last Friday of each month, offering
monthly and quarterly maturities. Additionally, weekly expiring options will be
available to provide traders with more flexibility.
Randolf Roth, a member of Eurex's Executive Board
"As
one of the world's leading CCPs, Eurex offers trading on a regulated exchange
and is therefore the right partner to enter the crypto space for institutional
clients," Randolf Roth, a member of Eurex's Executive Board, commented. “We
look forward to expanding our offering in crypto derivatives together with FTSE
Russell and Digital Asset Research for our clients.”
The
underlying FTSE Ethereum Index, developed in collaboration with Digital Asset
Research (DAR), adheres to EU Benchmark standards. The final settlement rate
for these contracts will be determined using a volume time-weighted average
over a 15-minute period prior to fixing.
This
expansion comes as Ethereum, with a market capitalization of around $400
billion, continues to attract significant institutional interest. This is also
a natural step following the success of a similar instrument for the oldest
cryptocurrency, Bitcoin.Eurex's BTC derivatives, launched in April 2023, have
seen over 100,000 contracts traded, equivalent to more than $3.5 billion in
notional value.
“In
association with the experts at Digital Asset Research we have established an
industry standard for assessing underlying digital asset and exchange inclusion,
”Kristen Mierzwa, Head of Digital Assets at FTSE Russell, an LSEG business,
commented. “We have applied this vetting methodology to offer indices
reflective of the real investable market.”
Last year,
Eurex became the first European exchange to introduce crypto index futures with
the launch of the FTSE Bitcoin Index in both USD and EUR. It is important to
note that Eurex has already been listing a variety of other
cryptocurrency-related instruments in the past. For instance, in 2021, the exchange
expanded its offerings to include Bitcoin ETNs.
Eurex Trading Volumes
In 2023,
Eurex saw a slight decrease of 2% in its total trading volume, which amounted
to 1,915.1 million contracts. This reduction was largely due to a 9% drop in
index derivatives, which totaled 871.7 million contracts. Conversely, the OTC
Clearing sector saw an increase, with average daily cleared volumes rising by
10% to €185 billion, up from €169 billion. The category of GC Pooling
experienced the most significant growth, with volumes surging by 142% to reach
€158.9 billion.
Recently,
Eurex appointed Robbert Booij from ABN Amro as its new CEO. Booij, previously
acquainted with Eurex through his role at ABN AMRO Clearing Bank N.V.,
expressed his familiarity and honor in having served as the Chairman of the
Eurex Exchange Council.
Europe's
leading derivatives exchange, is set to broaden its cryptocurrency offerings
with the introduction of FTSE Ethereum Index Futures and Options on August 12,
2024. This move follows the successful launch of Bitcoin derivatives on Eurex
in 2023, marking another step in its strategy to provide regulated access to
major cryptocurrencies.
Eurex to Launch Ether
Futures and Options, Expanding Crypto Derivatives Suite
The new
Ethereum-based contracts will be available in both euros and US dollars, with
each contract representing 10 ETH, valued at approximately $35,000. These
cash-settled derivatives will expire on the last Friday of each month, offering
monthly and quarterly maturities. Additionally, weekly expiring options will be
available to provide traders with more flexibility.
Randolf Roth, a member of Eurex's Executive Board
"As
one of the world's leading CCPs, Eurex offers trading on a regulated exchange
and is therefore the right partner to enter the crypto space for institutional
clients," Randolf Roth, a member of Eurex's Executive Board, commented. “We
look forward to expanding our offering in crypto derivatives together with FTSE
Russell and Digital Asset Research for our clients.”
The
underlying FTSE Ethereum Index, developed in collaboration with Digital Asset
Research (DAR), adheres to EU Benchmark standards. The final settlement rate
for these contracts will be determined using a volume time-weighted average
over a 15-minute period prior to fixing.
This
expansion comes as Ethereum, with a market capitalization of around $400
billion, continues to attract significant institutional interest. This is also
a natural step following the success of a similar instrument for the oldest
cryptocurrency, Bitcoin.Eurex's BTC derivatives, launched in April 2023, have
seen over 100,000 contracts traded, equivalent to more than $3.5 billion in
notional value.
“In
association with the experts at Digital Asset Research we have established an
industry standard for assessing underlying digital asset and exchange inclusion,
”Kristen Mierzwa, Head of Digital Assets at FTSE Russell, an LSEG business,
commented. “We have applied this vetting methodology to offer indices
reflective of the real investable market.”
Last year,
Eurex became the first European exchange to introduce crypto index futures with
the launch of the FTSE Bitcoin Index in both USD and EUR. It is important to
note that Eurex has already been listing a variety of other
cryptocurrency-related instruments in the past. For instance, in 2021, the exchange
expanded its offerings to include Bitcoin ETNs.
Eurex Trading Volumes
In 2023,
Eurex saw a slight decrease of 2% in its total trading volume, which amounted
to 1,915.1 million contracts. This reduction was largely due to a 9% drop in
index derivatives, which totaled 871.7 million contracts. Conversely, the OTC
Clearing sector saw an increase, with average daily cleared volumes rising by
10% to €185 billion, up from €169 billion. The category of GC Pooling
experienced the most significant growth, with volumes surging by 142% to reach
€158.9 billion.
Recently,
Eurex appointed Robbert Booij from ABN Amro as its new CEO. Booij, previously
acquainted with Eurex through his role at ABN AMRO Clearing Bank N.V.,
expressed his familiarity and honor in having served as the Chairman of the
Eurex Exchange Council.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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In the face of an economic downturn and a rapidly changing banking landscape, modern businesses require a fresh approach to banking. Join Shannon Scott, SVP and Global Head of Product at Airwallex, as she discusses the limitations of legacy financial systems and offers insights into how banking can evolve to better meet the needs of today’s businesses. This session will provide valuable perspectives on how to shape the future of business banking to navigate and thrive in a challenging economic environment.
#fmps #fmps24 #fmevents #BusinessBanking #EconomicDownturn #FinancialInnovation #ModernBanking #Airwallex
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In the face of an economic downturn and a rapidly changing banking landscape, modern businesses require a fresh approach to banking. Join Shannon Scott, SVP and Global Head of Product at Airwallex, as she discusses the limitations of legacy financial systems and offers insights into how banking can evolve to better meet the needs of today’s businesses. This session will provide valuable perspectives on how to shape the future of business banking to navigate and thrive in a challenging economic environment.
#fmps #fmps24 #fmevents #BusinessBanking #EconomicDownturn #FinancialInnovation #ModernBanking #Airwallex
📣 Stay updated with the latest in finance and trading!
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In financial services, achieving global success requires a deep understanding of local markets. In this hands-on, country-specific session, top experts from the Asian Pacific region will explore what drives traders in this diverse market. The discussion will cover strategies for retaining local partners for effective collaboration, the top-performing assets in various regions and the reasons behind their success, and insights into how the industry is evolving, including where the opportunities will be in 2025.
Speakers:
Fraser Nelson, Global Head of Business Development, Scope Markets
Firdaus Ali, Business Analyst & Partnership Manager, TradingPRO
Joy Li, Head of APAC, Gold-i
Sam Grecner, Director of Growth (Australia), TradingView
Mario Singh, Founder and Chairman, Fullerton Markets
Stephen Williams, Premium Client Manager, Capital.Com
#fmps #fmps24 #fmevents #APACFinance #GlobalTrading #MarketInsights #LocalMarkets #financialservices
Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates.
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In financial services, achieving global success requires a deep understanding of local markets. In this hands-on, country-specific session, top experts from the Asian Pacific region will explore what drives traders in this diverse market. The discussion will cover strategies for retaining local partners for effective collaboration, the top-performing assets in various regions and the reasons behind their success, and insights into how the industry is evolving, including where the opportunities will be in 2025.
Speakers:
Fraser Nelson, Global Head of Business Development, Scope Markets
Firdaus Ali, Business Analyst & Partnership Manager, TradingPRO
Joy Li, Head of APAC, Gold-i
Sam Grecner, Director of Growth (Australia), TradingView
Mario Singh, Founder and Chairman, Fullerton Markets
Stephen Williams, Premium Client Manager, Capital.Com
#fmps #fmps24 #fmevents #APACFinance #GlobalTrading #MarketInsights #LocalMarkets #financialservices
Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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Unlocking Smart Money Secrets: How to Trade Changing Markets | FMPS:24
Unlocking Smart Money Secrets: How to Trade Changing Markets | FMPS:24
Join Thomas Atkinson, Chief Market Analyst at FX Evolution, for an insightful seminar on the advanced strategies institutional investors use to excel in volatile markets. This session will delve into how smart money creates liquidity, the critical role of news and earnings in signaling market reversals, and practical tools for identifying key market shifts. Attendees will gain valuable knowledge on using volume profile tools to pinpoint market turning points, optimizing trades with specific liquidity setups, and enhancing overall trading strategies to navigate dynamic market conditions with confidence.
#fmps #fmps24 #fmevents #TradingIndustry #TradingStrategies #MarketAnalysis #Liquidity #VolumeProfile #InstitutionalInvesting #FinancialExpo #australia
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Join Thomas Atkinson, Chief Market Analyst at FX Evolution, for an insightful seminar on the advanced strategies institutional investors use to excel in volatile markets. This session will delve into how smart money creates liquidity, the critical role of news and earnings in signaling market reversals, and practical tools for identifying key market shifts. Attendees will gain valuable knowledge on using volume profile tools to pinpoint market turning points, optimizing trades with specific liquidity setups, and enhancing overall trading strategies to navigate dynamic market conditions with confidence.
#fmps #fmps24 #fmevents #TradingIndustry #TradingStrategies #MarketAnalysis #Liquidity #VolumeProfile #InstitutionalInvesting #FinancialExpo #australia
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