As of 11 May 2009 Eurex will increase the minimum price change (tick size) for futures based on medium-term (five years) debt instrument issued by the Federal Republic of Germany (Euro-BOBL-Future) from 0.005 to 0.01%.
The tick size of the BOBL option will remain unchanged at 0.005%.
Our decision is based on an extensive consultation process with our customers, says Peter Reitz, member of the Eurex Executive Board. The full tick will provide market makers, such as tick traders and calendar spread specialists, with a better risk/reward profile and thus encourage quoting. This step will improve overall order book liquidity.
L.D.