Exchanges vie for EGB futures market
Rivals eye Eurex’s dominance in EGB futures, but dealers are split on the likelihood of challengers succeeding
Exchanges are seeking to take on Eurex’s monopoly of the European government bond futures market, but dealers have mixed opinions as to whether they’ll succeed.
Interest rate cuts and political instability across Europe have roiled bond yields during the past year. Hedge funds and other investors have been exploiting these moves with trades involving European government bonds (EGBs) and futures. The European Central Bank’s quantitative tightening programme has also increased the availability of
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