Intercontinental Exchange, Inc. (NYSE:ICE) today announced the launch of Long European Union (EU) Bond Index futures along with the first trades in the contract.
The cash-settled futures contract references the ICE 8-13 Year European Union Index (Ticker: G0EU8T13) which tracks the performance of long-term debt issued by the EU.
The Index is produced by ICE Data Indices (IDI), a recognized third country benchmark administrator under the U.K. Benchmarks Regulation. The ICE 8-13 Year European Union Index is a subset of the ICE European Union Index, including all securities with a remaining term to final maturity greater than or equal to 8 years and less than 13 years. The Index tracks exposure to a specific point on the EU curve and the historical volatility of the Index is similar to other European Bond futures.
“Harmonized…
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