(Zug and Sao Paulo, November 3, 2021) – Qontigo and B3 announced that Qontigo has licensed two flagship European indices to be listed as futures contracts on the Brazilian exchange. The EURO STOXX 50 Index and the DAX Index will serve as underlyings for equity index derivatives, making these indices available to Brazilian investors for the first time.
They will be traded in euros but cleared in Brazilian Real (BRL). This allows investors based in Brazil to access two leading European index futures via their home market and without any currency risk. B3 already offers similar foreign benchmarks in the original currency but cleared in BRL.
“The listing of the EURO STOXX 50 and DAX Index futures is an important initiative by B3, the main financial infrastructure in Latin America and the second in volume of derivatives in the world, to expand the offer of financial instruments to Brazilian investors. In this way, they have even more possibilities to diversify their portfolios from the main European indexes. The arrival of these products also occurs at a time when the Brazilian stock exchange experiences an exponential increase in individual investors, reaching more than 4 million accounts.”Claudio Jacob, managing director of Clients and Business Development at B3
“The expansion of our flagship indices to Brazil is an important step for Qontigo as we look to meet the growing global demand for derivatives based on our benchmarks. In particular, the futures on the EURO STOXX 50 and the DAX will provide access for Brazilian investors to express their views on the development of Europe and Germany, the largest single economy in the Eurozone.”Sean Smith, Managing Director, Derivatives at Qontigo
The EURO STOXX 50 Index, Europe’s leading blue-chip index for the Eurozone, provides a blue-chip representation of supersector leaders in the region. The index covers 50 stocks from eight Eurozone countries: Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands and Spain.
The DAX Index tracks the performance of the 40 largest companies listed on the Regulated Market of the Frankfurt Stock Exchange that fulfill certain minimum quality and profitability requirements. Constituent selection is based on free float market capitalization.
B3 will launch the futures contracts based on EURO STOXX 50 and DAX in December. The sizes of futures contracts will be the value of the EURO STOXX 50 Index multiplied by the value in euros of each point, with each point equivalent to 10 euros and the value of the DAX Index multiplied by the value in euros of each point, with each point equivalent to 5 euros The expiration date will be the third Friday of the months of March, June, September and December.
Andreas v. Brevern
+49 69 2 11 14284
Press office B3
Qontigo is a leading global provider of innovative index, analytics and risk solutions that optimize investment impact. As the shift toward sustainable investing accelerates, Qontigo enables its clients—financial-products issuers, capital owners and asset managers—to deliver sophisticated and targeted solutions at scale to meet the increasingly demanding and unique sustainability goals of investors and asset owners worldwide.
Qontigo’s solutions are enhanced by both our collaborative, customer-centric culture, which allows us to create tailored solutions for our clients, and our open architecture and modern technology that efficiently integrate with our clients’ processes.
Part of the Deutsche Börse Group, Qontigo was created in 2019 through the combination of Axioma, DAX and STOXX. Headquartered in Eschborn, Germany, Qontigo’s global presence includes offices in New York, London, Zug and Hong Kong. www.qontigo.com
STOXX Ltd. is Qontigo’s global index provider, currently calculating a global, comprehensive index family of over 13,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.
STOXX is the administrator of the STOXX® and DAX® indices under the European Benchmark Regulation and exercises control over all benchmark administration processes within Qontigo.
STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds.
B3 S.A. (B3SA3) is one of the world’s leading financial market infrastructure companies and one of the largest in market value, among the global leaders in the stock market. It connects, develops and facilitates the financial and capital markets and, together with clients and society, boosts the growth of Brazil.
It operates in the exchange and over-the-counter environments, in addition to offering products and services for the financing chain. With headquarters in São Paulo and offices in London, Chicago, Singapore and Shanghai, it plays important roles in the market by promoting financial instruments and trading and post-trading solutions (or Value), best practices in corporate governance, risk management and sustainability.
B3. With the market, for the future.
STOXX Ltd., Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Qontigo GmbH, Qontigo Index GmbH, Deutsche Boerse Group or their licensors, research partners or data providers.