The international derivatives exchange Eurex will list three options based on Deutsche Bank ETFs on 17 May.
The three options are based on the db x-trackers MSCI Emerging Markets, MSCI World and MSCI Europe total return funds.
The exchange says additional ETF options are due to be listed on Eurex later this year.
Eurex executive board member Peter Reitz says: "With the re-launch of our ETF derivatives segment, we support the expansion of the ETF market by offering custom-made hedging opportunities for investors and ETF issuers."
Deutsche Bank European head of synthetic equity sales Thomas Strenge says investors will be able to reduce the costs of trading and hedging against benchmark indices through easy-to-trade MSCI option products.
He adds these options have value for hedging and overlay management, as well as for those looking for upside participation.
The ETF options will be traded in euros, physically settled and have maturities of up to 24 months. The contract size will be 100 units.
Deutsche Bank will act as market maker to support liquidity in the order book. The three underlying ETFs are listed on the XTF segment of the Deutsche Boerse.
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