ABN AMRO Clearing to clear EURO STOXX 50 Variance Futures on Eurex Exchange

EUREX Exchange announced today that ABN AMRO Clearing will offer clearing services for the EURO STOXX 50® Variance Futures and will be available on Eurex starting May 27th. The EURO STOXX 50 Index is Europe’s leading Blue-chip index for the Eurozone, providing a Blue-chip representation of supersector leaders in the Eurozone.

This future on the EURO STOXX 50® Index variance is the on-exchange complement to OTC variance swaps replicating their payoff profile. They are designed to fit the needs of a growing number of sophisticated investors who seek exposure to volatility and are simultaneously looking to benefit from the efficiencies of exchange trading and central clearing.

“Our Principal Trading Group clients will be able to use the Variance Futures as a hedge for options on the EURO STOXX 50® Index and also provides additional market making and arbitrage opportunities.”adds Barry Polak, Head of Products at ABN Amro Clearing.

“We are delighted to offer the EURO STOXX 50®Variance Futures, which gives our Prime clients exposure to volatility products to hedge their portfolio”, says Gildas Le Treut, Global Director Prime Clearing at ABN AMRO Clearing.

ABN AMRO Clearing is one of the world’s leading providers of clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX.

To view the official announcement, click here.

To read more about variance futures from Eurex, click here (PDF).

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