Euronext has launched its mini-futures for European government bonds.
The products focus on the 10-year OAT, Bund, Bono and BTP. They also cover the first ever 30-year BTP.
The cash-settled mini futures have a notional size of €25,000 and are listed on the Euronext Derivatives Milan market.
While the primary audience for these products is the retail market, Euronext has highlighted the potential for these instruments to be used for hedging and government bond exposure by asset managers and institutional investors, offering greater granularity.
Euronext has commented that market markets have committed to offering liquidity on the next contracts. In February, head of financial derivatives Charlotte Alliot told The DESK that six retail brokers were expected to engage with the products at launch, with five market makers confirmed as partners. The names of these partners have not been shared.
READ MORE: “Way more flexibility than at Eurex”: Euronext announces govie mini-futures
Anthony Attia, global head of derivatives and post trade at the company, said, “The launch of this offering comes at a crucial time for the European fixed income ecosystem, which is currently experiencing high volatility levels. By launching this new suite of derivatives, Euronext continues to provide added value to its clients.”
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