Eurex to Launch Index Futures Contracts Based on TASE’s Main Index in June


The Tel-Aviv Stock Exchange (TASE) and Eurex Exchange, the international derivatives marketplace and part of Deutsche Börse Group, announced today during a joint press briefing, that Eurex Exchange will list index futures based on the TA-25, Israel’s blue chip index, as of 9 June 2014. The TA-25 index is one of the most heavily traded regional equity indexes. Eurex Exchange’s TA-25 index futures will be denominated in US dollars.



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The Tel-Aviv Stock Exchange (TASE) and Eurex Exchange, the international derivatives marketplace and part of Deutsche Börse Group, announced today during a joint press briefing, that Eurex Exchange will list index futures based on the TA-25, Israel’s blue chip index, as of 9 June 2014. The TA-25 index is one of the most heavily traded regional equity indexes. Eurex Exchange’s TA-25 index futures will be denominated in US dollars.

Yossi Beinart, CEO TASE, commented: “I am very pleased that our cooperation has already come to fruition, ushering in a new product which opens up exciting opportunities to invest in the TA-25 index and develop new trading and hedging strategies. The Israeli economy is recognized worldwide as one of the most promising and dynamic growth economies, and investment in Israel’s capital market attracts avid interest in international markets. The Tel-Aviv Stock Exchange places great importance in its international accessibility and constantly endeavors to enhance its product offerings to foreign investors.”

“With the launch of the TA-25 index futures we continue to expand our global product suite and broaden our regional coverage. Our cooperation with the Tel-Aviv Stock Exchange enables us to offer our market participants for the first time access to the Middle East,” added Andreas Preuss, CEO of Eurex.Currently, Eurex and TASE are jointly preparing the market launch. Eurex has already received very positive feedback from its members regarding market making and interest to trade the new futures. Market makers have already committed to provide liquidity from day one.

By the end of Q1 2014, the TA-25 index options were the tenth most traded index options worldwide. The year-to-date 2014 average daily volume in TA-25 index derivatives traded at TASE is around 200,000 contracts.

For more information on the TA-25 index please visit: www.ta25.co.il

Eurex, one of the world’s leading derivatives exchanges, offers a broad range of international benchmark products and operates the most liquid fixed income markets in the world. Innovative and reliable technology provides over 400 participants and about 7,600 traders in 35 countries worldwide with access to our products and services.
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Tim Gits
tim.gits@eurexchange.com
312-544-1000
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