The investment behaviour of the buy side is undergoing structural changes. Passive products like Exchange Traded Funds (ETF) are gaining momentum. This changes the investment behaviour on the derivatives markets and increasingly shapes the product offering of exchanges. “The growing success of indexation via ETF has brought index providers further to the forefront of asset allocation – not only on the investment side, but also in trading”, said Eurex CEO Thomas Book when presenting Deutsche Börse Group’s latest derivative trading statistics (see attachment). Especially broad based indices like MSCI and Stoxx600 are profiting from that trend. In September, Eurex’ MSCI segment reached 1 million contracts of open interest for the first time.
read more...↧