The Tel Aviv Stock Exchange (TASE) and Eurex Exchange announced today that Eurex Exchange will list and clear index futures, which will be traded in Frankfurt, and will be denominated in US dollars.
The Eurex Exchange offers a range of derivatives based on various underlying assets. Eurex has already received very positive feedback from its members regarding market making and potential interest to trade the new futures. Committed market makers expressed their willingness to provide liquidity from day one.
“I am very pleased that our cooperation has already come to fruition, ushering in a new product which opens up exciting opportunities to invest in the TA-25 index and develop new trading and hedging strategies,” said TASE CEO Yossi Beinart. “The Israeli economy is recognized worldwide as one of the most promising and dynamic growth economies, and investment in Israel’s capital market attracts avid interest in international markets. The Tel Aviv Stock Exchange places great importance in its international accessibility and constantly endeavors to enhance its product offerings to foreign investors.”
Eurex Executive Board member Mehtap Dinc added, “With the launch of the TA-25 index futures we continue to expand our global product suite and broaden our regional coverage. Our cooperation with the Tel Aviv Stock Exchange enables us to offer our market participants access to the Middle East.”
Published by Globes [online], Israel business news - www.globes-online.com - on May 1, 2014
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