A set of agricultural futures based on hogs and piglets is being launched by Eurex, an international derivatives exchange, to expand its business, according to a company press release.
Trading will start in July 2009 with four new futures based on the agricultural products.
“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,” said Peter Reitz, member of the Eurex executive board. “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.”
Europäische Warenterminbörse Beteiligungs AG helped the launching by providing marketing and product development advisory support to Eurex.
Plans are underway to expand the product offering of agricultural derivatives in 2010 and further.
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