Euronext Unveils Total Return Futures on FTSE MIB Index

The firm revealed in a press release Monday that the move expands its European derivatives offering, building on the success of its TRF on the CAC 40 Index launched in 2018.

TRF is designed to replicate the economics of over-the-counter (OTC) total return swaps, offering a more transparent and cost-effective exchange-traded solution. 

Euronext explained that the FTSE MIB Total Return Future allows investors to gain long-term exposure to the implied equity repo rate on the constituents of the FTSE MIB Index.

Euronext Clearing will provide clearing services for the FTSE MIB TRF, leveraging its risk management framework. The product offers clear daily settlement and the ability to trade at the index close, enhancing market transparency and liquidity.

Anthony Attia, Global Head of Derivatives and Post-Trade at Euronext, commented: “In 2018, Euronext introduced Total Return Futures on the CAC 40 Index, receiving immediate positive response from market participants thanks to its strong benefits.”

“As part of our new strategic plan, ‘Innovate for Growth 2027,’ announced in November, we will continue to seek opportunities in the European derivatives landscape, leveraging the full strength of our integrated pan-European model.”

Fiona Bassett, CEO of FTSE Russell, also welcomed the partnership, noting the strength of the FTSE Russell index franchise and its commitment to supporting clients with innovative product development.