Euronext Launches Mini-Sized Futures on European Government Bonds to Broaden Fixed Income Market Access

Euronext Launches Mini-Sized Futures on European Government Bonds to Broaden Fixed Income Market Access

(IN BRIEF) Euronext has introduced its first set of mini-sized, cash-settled futures on major European government bonds, including the 10-year OAT, Bund, Bono, and BTP, as well as the first 30-year BTP. Listed on Euronext Derivatives Milan with a notional value of €25,000, the new products are designed to improve accessibility for retail investors while offering institutional participants more precise hedging tools. Supported by Euronext Clearing and powered by Optiq® trading technology, the initiative has been welcomed by market makers who will ensure liquidity from the start. The launch marks the beginning of Euronext’s expansion into fixed income derivatives, aligned with its “Innovate for Growth 2027” strategy and comes at a time of high volatility in the European bond market.

(PRESS RELEASE) AMSTERDAM, BRUSSELS, DUBLIN, LISBON, MILAN, OSLO and PARIS, 22-Sep-2025 — /EuropaWire/ — Euronext, a major player in European capital markets, has announced the introduction of its first-ever mini-sized, cash-settled futures linked to leading European government bonds. This new product range is a milestone in the evolution of financial derivatives and demonstrates Euronext’s drive to innovate within the fixed income market. The development builds on its well-established role in bond trading through its institutional platform MTS and its MOT market aimed at retail investors. With this move, Euronext takes an important first step toward broadening its activities in fixed income derivatives while strengthening the value it provides to investors worldwide.

The product lineup includes mini-futures on several cornerstone government bonds: the 10-year OAT, Bund, Bono, and BTP, along with the first-ever 30-year BTP futures. These contracts, which are listed on Euronext Derivatives Milan, carry a notional value of €25,000 and are designed for cash settlement. Supported by Euronext Clearing, they incorporate strong risk management features and highlight the benefits of Euronext’s fully integrated trading infrastructure.

This innovative launch makes government bond derivatives more accessible than ever. Tailored especially for retail investors, the mini-futures also cater to the needs of asset managers and institutional investors who require greater precision when hedging risks or managing exposure. By combining smaller contract sizes with robust clearing and trading technology, Euronext enables a wide spectrum of participants to engage in bond futures trading with greater flexibility.

The initiative has already attracted considerable support from market participants. It leverages Euronext’s Optiq® trading technology and the risk model provided by Euronext Clearing, ensuring broad availability across a diverse network of brokers. Liquidity will be actively provided from day one, with market makers committed to supporting all newly launched contracts.

Anthony Attia, Euronext’s Global Head of Derivatives and Post Trade, emphasized the importance of the new product line within the company’s growth strategy: “This initiative is central to our Innovate for Growth 2027 plan, designed to take full advantage of Euronext’s unique position across the trading value chain. By offering this new range of futures at a time of heightened volatility in the European fixed income market, we deliver meaningful solutions for clients while reinforcing our role as a leader in European finance.”

SOURCE: Euronext N.V