In an effort to market access for its Asian-Pacific time zone participants, derivatives exchange, Eurex, will extend trading hours for equity index products by one hour from June 1, trading in euro denominated equity index products will start at 8 a.m. Central European Time (CET) instead of 9 a.m. CET.
The new opening time for equity index products gives trading participants in the Asian Pacific time zones increased access to the Eurex trading and distribution network, thereby offering new trading and risk management opportunities. Market participants in Asia and Europe alike will also be able to react to events prior to the opening of the underlying European cash market.
“Asia is a market of significant importance to Eurex,” Peter Reitz, Member of the Executive Board of Eurex. “Following the receipt of market operator status by the Monetary Authority of Singapore in late 2005, Eurex is building a telecommunications hub in Singapore and is currently in the process of connecting market participants to the Eurex system.”