As exclusively revealed in FO Week (see Vol 11 No
9), Euronext Liffe last week confirmed plans to offer futures
contracts on bond indices, developed in conjunction with bond
index provider EuroMTS, in a move that many believed could
spark competition with Eurex's benchmark Bund contract.
The new contracts have been scheduled for launch on 13
November, and were to be independent total-return indices
measuring the performance of a range of Eurozone government and
non-government bonds, based on real-time tradeable prices from
the EuroMTS system.
"What people have been looking for since the European
monetary union began in 1999 is a way of being able to trade
pan-European debt for overall exposure. The normal 'cheapest to
deliver futures' contract can never do that," Amanda Sudworth,
head of interest rate product development for Euronext Liffe,
told FO Week.
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