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Peter Reitz, member of the Eurex Executive Board, commented, “Our entry into the segment of agricultural derivatives is the systematic continuation of our strategy of covering all important asset classes with our own products. We aim to bring the well known advantages of our global network and central clearing system into this market that has had a strong national focus thus far. The strengths of the Eurex business model will accelerate international growth in this segment considerably.”
Eurex has intensively prepared its market launch together with key players in this market segment. Talks with market participants in particular in Germany and the Netherlands revealed a strong and long-term interest in hedging opportunities in agricultural derivatives on a major international derivatives exchange. Europäische Warenterminbörse Beteiligungs AG (EWB) based in Hanover is providing marketing and product development advisory support to Eurex in this process.
Plans are underway to expand the product offering of agricultural derivatives in 2010 further.
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