Eurex extends its APAC trading hours in four further contracts

Darren Sinden

The latest changes will come into effect on December 10th and will mean the four additional contracts can be traded from 8.00 am Singapore or Hong Kong time creating an overlap with exchanges in Asia that offer related futures contracts.


Futures exchange Eurex has announced a further extension to its Asian trading hours for 4 new futures contracts which are the 10 year Euro OAT (French government bonds), the STOXX Banks index, the STOXX 600 a broad-based European equity benchmark and VSTOXX which is a measure of equity volatility among Euro STOXX 50 constituents.

This development represents a move which the exchange considers to be designed to meet growing customer demand in the Asia Pacific region, however, the extended trading hours will be available to all Eurex participants regardless of their location.

In making the announcement, Eurex disclosed that almost 40% of its trading volume comes from agency accounts in Asia Pacific region.

The exchange has previously extended the Asian trading hours of its most liquid contracts including the DAX, Euro STOXX 50 equity index futures and the Euro-Bund, -Bobl, – Schatz and Buxl interest rate complex.

The exchange also highlighted a 102% year over year growth in average daily trading volumes in Asia, with more than 20 million contracts traded during that particular extended session.

The latest changes will come into effect on December 10th and will mean the four additional contracts can be traded from 8.00 am Singapore or Hong Kong time creating an overlap with exchanges in Asia that offer related futures contracts.

This could open up spread trading opportunities between European Govt bonds and JGBs or German short term interest rate contracts and their Australian equivalents.

Futures markets participants in Asia welcomed the move, with Tim Lu, Head of Futures Market Making APAC, at Maven Securities having said “Eurex’s trading hour extension initiative will expand the pricing transparency of listed futures to additional key benchmarks during Asian hours, enabling more efficient risk management and price discovery.”

Adding further perspective, Russell Beattie, Director, Head of Asia Pacific, Futures & Options and OTC Clearing at BofA Securities added “The extension of trading hours on further products will provide our clients with more trading and hedging opportunities(and) they will be able to trade these products in all time zones –Asia, Europe and the U.S. seamlessly with BofA Securities global electronic trading services.”

Eurex’s move to extend its trading hours is in stark contrast to calls earlier in 2020 to reduce trading hours and limit the length of the working day which can see many London traders at their desk by 6.00 am and perhaps not finishing their shift until after 5.00pm.

Trading volumes tend to be concentrated around market open and closing periods and at the intersection of time zones, for example between the afternoon in Asia and the European mornings or the European afternoon and US morning sessions. It remains a moot point as to whether a shorter, more concentrated trading day would be more beneficial to users and end clients.

FX markets have long boasted of 24/5 trading and continuous liquidity but anecdotal evidence suggests that this no longer the case and that FX trading can be thin and highly volatile away from the main market hours.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales.