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Eurex marks one-year anniversary of agriculture derivatives segment

The derivatives exchange Eurex is celebrating the first anniversary of its agriculture derivatives segment.

Since its introduction on 20 July 2009, trading volume, open interest and market interest have been rising consistently.

Since the launch, open interest for the agricultural product suite has grown more than 50 per cent: at the end of July it stood at around 5,700 contracts.

The future on European processing potatoes, in particular, has experienced significant growth with 10,512 contracts traded in July – this is the first time it has exceeded the 10,000 contract mark in a given month. Already in June, the future had set a new monthly record of 4,629 contracts.

“Since the introduction of the agriculture derivatives segment last year, we’ve seen a steady increase in the number and types of member firms who use the contracts to hedge against price fluctuations in the respective European markets. Based on this growing demand, we also launched futures on butter and skimmed milk powder earlier this year,” says Peter Reitz, member of the Eurex executive board. “As this asset class continues to mature, we plan to further develop our product offerings to benefit a broad range of industry participants, from farmers, producers, and processing firms to institutional investors.”

Futures on European processing potatoes, London potatoes, hogs and piglets have been available on Eurex since July 2009. Based on consultations with customers and industry participants, Eurex further expanded the agriculture segment in May 2010 by introducing futures on butter and skimmed milk powder.

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