PARIS, Oct 11 (Reuters) - Euronext ENX.PA plans to develop commodity contracts based mostly on mone
PARIS, Oct 11 (Reuters) – Euronext ENX.PA plans to develop commodity contracts based mostly on money settlement to broaden a enterprise through which the monetary market operator has up to now provided bodily supply of crops like wheat.
In an investor presentation on Friday to clarify its development technique to 2022, Euronext stated it was wanting on the “improvement of cash-settled merchandise that allow sooner itemizing and buying and selling of upper variety of desired worth references.”
The group didn’t present particulars within the presentation slides about potential cash-settled commodity contracts, and a spokeswoman stated Euronext had no extra info to share for now.
Euronext’s commodity enterprise is dominated by its French-based wheat futures BL2c1 which might be a benchmark for the European grain market.
Its wheat and different agricultural futures enable bodily supply on the expiry of a contract to be able to join spinoff costs with money markets.
Nonetheless,…