A European capital market infrastructure is set to introduce fixed income derivatives focused on major government bonds in Europe. This new initiative features mini futures that are cash-settled, particularly aimed at catering to retail investors. In addition, it offers asset managers and individual investors a means of precise exposure or hedging in relation to government bonds.
Leveraging the Optiq trading platform, this offering guarantees liquidity through dedicated market makers, with trades cleared via a specialized clearing entity. The initiative facilitates a comprehensive end-to-end value chain, incorporating advanced colocation services that enhance the trading experience.
The company plans to build on two existing platforms: MTS, tailored for institutional bond trading, and the MOT bond market, which is more retail-oriented. This approach aims to capitalize on the active communities within retail and algorithmic trading, enhancing the appeal and functionality of the new derivatives.
Initially, the strategic expansion will focus on futures contracts listed on the Milan derivatives market. These contracts will center on prominent European government bonds, such as Italy’s 10-year and 30-year BTPs, France’s OAT, Germany’s Bund, and Spain’s Bono. The launch of these new derivatives products is scheduled for September 2025.
The head of derivatives and post-trade operations emphasized that this move reflects a commitment to innovation and growth centered around client needs. By entering this significant market segment, it aims to address the demand for varied investment opportunities and effective solutions. The enhancement in efficiency created by the clearing house further positions the company as a prime destination for new listed derivatives in Europe. This development marks a substantial advancement in expanding the portfolio of derivatives offerings, aligning with a broader strategy integrating growth and efficiency within Europe’s financial framework.