Eurex Adds Agricultural Derivatives

The international derivatives exchange Eurex expanded its product range to include the agricultural derivatives asset class. Eurex clients are now able to trade four new agricultural contracts: futures on European processing potatoes and potatoes for the British market (London Potatoes), and piglet and hog futures.

All four futures are settled in cash, with the market price indices based on recognised price determination as underlyings. Participants will be able to trade all four agricultural contracts free of charge for the rest of July 2009, and from August to October 2009 for only 50% of the transaction fee.

“The new derivatives give market participants the opportunity to protect themselves from increasing price risks in the agricultural segment,” said Michael Peters, member of the Eurex executive board. “Our new contracts are aimed at a broad group of clients, including farmers and agricultural cooperatives, trading and slaughter companies and the processing industry.”

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