As of 11 May 2009, derivatives exchange Eurex will increase the minimum price change (tick size) for futures based on medium-term (five-year) debt instruments issued by the Federal Repu
As of 11 May 2009, derivatives exchange Eurex will increase the minimum price change (tick size) for futures based on medium-term (five-year) debt instruments issued by the Federal Republic of Germany (Euro-Bobl-Future) from 0.005 to 0.01 per cent.
The tick size of the Bobl option will remain unchanged at 0.005 per cent.
Peter Reitz, member of the Eurex executive board, says: ‘Our decision is based on an extensive consultation process with our customers. The full tick will provide market makers, such as tick traders and calendar spread specialists, with a better risk/reward profile and thus encourage quoting. This step will improve overall order book liquidity.’
