Eurex to launch TASE index futures

Eurex to launch TASE index futures

Eurex Exchange will list index futures contracts based on The Tel-Aviv Stock Exchange (TASE) main index.

Index futures will be based on the TA-25, one of the most heavily traded regional equity indexes in the region, as of June 9 2014. Eurex’s TA-25 index futures will be denominated in US dollars.

TA-25 index options were the tenth most traded index options worldwide at the end of Q1 2014.

“I am very pleased that our cooperation has already come to fruition,” said Yossi Beinart, CEO of TASE. “The Tel-Aviv Stock Exchange places great importance in its international accessibility and constantly endeavors to enhance its product offerings to foreign investors.”

“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.
Eurex and TASE are currently preparing the launch. Eurex has reported positive feedback from its members and that market makers have already committed to provide liquidity from the first day.

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