The contract will act as hedging instrument and will offer new opportunities for the execution of strategies and trading ...
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As of May 29th, MEFF, the Spanish Derivatives market operated by BME, will register and admit to trading Future Contracts on the 10-year Spanish bond, following its approval by the Spanish securities regulator, CNMV.
These contracts, to be called “Futuros Bono 10” and with a nominal of €100,000, will join the same group as that of the IBEX 35 Futures and Options and the stock options and futures. Therefore the members included in this group will be able to trade the new Futures.
Since of 1st March, the members of this market have had the opportunity to verify the correct functioning of this product in terms of trading and settlement.
MEFF has launched this product in order to meet investor demand and to provide a portfolio hedging instrument in a context of divergent and volatile sovereign debt yields.
In addition, the product is backed –unlike other OTC instruments – by the reliability of a regulated market such as MEFF and in particular, its Central Counterparty.
Source: ETFWorld – BME
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