Blog Posts — December 20, 2021

Trading in EURO STOXX 50 and DAX futures starts in Brazil

The EURO STOXX 50® Index and DAX® Index, which underlie two of the world’s most heavily traded derivatives, also serve as underlying for futures in Brazil since December 20. 

B3, operator of the Brazilian stock exchange, has listed the products, which trade in euros but are cleared in Brazilian reais. This is the first time that derivatives on the Eurozone and German flagship benchmarks trade outside of Europe. 

The EURO STOXX 50 Index is the undisputed benchmark for the Eurozone, providing a blue-chip representation of supersector leaders in the region. The index covers 50 large stocks currently stemming from eight Eurozone countries. DAX has for over three decades served as a barometer for Germany’s corporate leaders and the country’s broader economy. The index tracks the performance of the 40 largest companies listed on the Regulated Market of the Frankfurt Stock Exchange that fulfil certain minimum quality and profitability requirements.

The listings come at a time of huge interest in trading from Brazilian investors. B3 said last year that over 2 million new individual investors joined the exchange between April 2019 and April 2020. The exchanges operator has recently reported more than 4 million registered investor accounts.