Page 35 - 期货和衍生品行业监管动态（2024年2月）
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期货和衍生品行业监管动态
2023 年，欧洲期货交易所在全球股息衍生品市场的份额为 86%，其目标是
进一步加强其在上市股息领域的领导地位，并利用 TES Block Trade 和 Vola Trade
功能提供的订单簿透明度，促进场外持仓和交易量的迁移。
欧洲期货交易所股票和指数产品设计部的 Lorena Dishnica 表示：“股息衍生
品已从对冲预期股息风险的工具发展成为吸引众多不同市场参与者的独立资产
类别。这些新产品让交易者能够在可进入的集中交易市场上使用较短到期日的期
权来表达他们对长期股息预期的看法。”
®
标的：EURO STOXX 50 股息指数期货（FEXD）
到期日：每季度交割一次，与相应年份的期权到期日相对应。
®
Eurex Launches Mid-Curve Options on EURO STOXX 50 Index Dividend
Futures (2024/2/5)
Eurex is expanding its dividend derivatives offering with the introduction of
Mid-Curve Options on EURO STOXX 50 ® Index Dividend Futures as of 5
February 2024.
Mid-Curve Options on index dividend futures, currently only available as an
OTC product, can now be traded at Eurex.
Mid-Curve Options (Eurex), or Swaptions (OTC terminology), are listed options
that expire on an underlying future with a longer expiry date than the next settling
future. These options focus on the next five years of dividends, allowing participants
to fine-tune risk management or anticipate changes in dividend expectations.
Eurex, who had a global market share of 86% in dividend derivatives in 2023,
aims to further strengthen its leadership position in the listed dividend segment and to
facilitate the migration of OTC open interest and trading volumes using the TES
Block Trade and Vola Trade functionality providing order book transparency.
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