With effect from 1 June 2006, trading in EUR-denominated equity index futures will commence one hour earlier, that is at 08:00 instead of currently 09:00 CET.
The move will enhance the access for Eurex market participants located in the Asia-Pacific region.
In future, thanks to the earlier start of futures trading, market participants will be able to react to events even prior to the opening of the cash markets in Europe. At the same time, the new trading hours for EUR-denominated equity index products will allow market participants in the Asia-Pacific region to benefit from enhanced access to the Eurex trading and distribution network, opening up new trading and risk management opportunities to this customer group.
Asia is a key market for derivatives trading, and hence for Eurex. Following its admission as a market operator by the Monetary Authority of Singapore in late 2005, Eurex is currently establishing a telecommunications hub (Access Point) in Singapore in order to directly connect Asian market participants to its systems network. Eurex also cooperates closely with the Osaka Securities Exchange, with a view to bringing European and Asian market participants closer together, creating added trading benefits for both groups.
Moreover, by bringing forward the start of trading in EUR-denominated equity index futures, Eurex also harmonizes the trading hours for its entire range of benchmark products. For instance, trading in Euro-Bund, Euro-Bobl and Euro-Schatz Futures currently starts at 08:00 CET.