[ T H O U G H T L E A D E R S H I P | E U R E X ]
The TRADE names Eurex Outstanding Derivatives Exchange Group 2021
We have focused intensively on supporting the market during the pandemic and on promoting important trends that have been reinforced and accelerated by the pandemic , said Eurex chief executive Michael Peters .
The award for Eurex was justified by The TRADE as follows :
“ Eurex , once again , gave us every reason to award it Outstanding Derivatives Exchange Group after a 12-month period of excellence , innovation and products and services catering for the buy-side community . The Group overall continues to excel throughout the trade lifecycle , while its clear focus on innovation through digital assets exploration and environmental , social and governance ( ESG ) linked products , set the exchange apart in a competitive group of derivatives exchange operators .”
It was the perfect end to a challenging but also successful year for Eurex , said Michael Peters , Eurex CEO , who pointed out some of the exchange ’ s highlights from the year .
How did Eurex ensure success the past year ? MP : We have focused intensively
on supporting the market and on promoting important trends that have been reinforced and accelerated by the pandemic . These trends include , in particular , the shift from active to passive investments , the acceleration of futurisation , and the strong focus on environmental , social and governance ( ESG ) issues . I believe that this , combined with our continued innovation in our product and service offering , makes us unique .
In which areas have you had the most success ? MP : ESG has become one of the key growth areas in global finance and Eurex is now the global market leader in this area with 26 products on global , European and regional ESG indices and over ¤ 5 billion worth of contracts outstanding . We are also the global platform for MSCI derivatives contracts and are increasingly becoming the premier destination for MSCI derivatives in the Asia-Pacific region .
Our Total Return Futures ( TRF ) offered strong support for the market ’ s transition from bilateral business to transparent exchange trading . Since 2016 , Eurex has managed to migrate more than half of the overthe-counter EURO STOXX 50 market to the TRF product , and current open interest stands at 1.9 million contracts – representing a notional value of over ¤ 94 billion .
Worth mentioning is also the leading role we have taken in the development of what is known as passive liquidity protection ( PLP ). With PLP , we have essentially created a market mechanism that can help improve the liquidity picture and price discovery process of the order book when price discovery is significantly driven
14 // TheTRADE // Winter 2021