German group said variance future has traded 1,700 contracts this year
ABN Amro became on Tuesday the fourth
broker to support Eurex's Euro Stoxx 50 variance future,
offering a boost to a product that has seen slow trading since
launch in September.
A Eurex spokesperson said the deal will
help develop a liquid order book in the contract as it now
benefits from ABN Amro Clearing’s client list
which includes many prop trading firms.
Barry Polak, head of products at ABN Amro
Clearing, said: "Our principal trading group clients will be
able to use the variance future as a hedge for options on the
Euro Stoxx 50 Index and also provide additional market making
and arbitrage opportunities. This will complement the suite of
exchange traded and over-the-counter cleared products on which
clients can benefit from risk offset and margin netting."
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