Eurex, the world's largest derivatives exchange, and Markit Group Limited ("Markit"), the leading industry source of independent data, portfolio valuations and trade processing for the OTC derivative markets, today announced that Eurex has integrated Markit’s dividend forecasts into Eurex's calculation of settlement prices.
Markit's dividend forecasts will enhance the exchange’s determination of settlement prices by providing clients with improved dividend information out to four years ahead, based on detailed analysis and research.
Eurex is jointly operated by Deutsche Börse AG and SWX Swiss Exchange, and is the market place of choice for electronic trading and clearing of derivatives. Eurex's clearing house is responsible for determining settlement prices for all products listed on the Eurex trading platform. The exchange currently provides settlement prices for more than 600 equity-related products daily.
Markit Equities is the industry standard in dividend forecasting, and provides individual dividend amounts and ex-dividend dates for over 4,600 stocks globally. Markit provides benchmark data for the global financial and commodity derivative markets, and its services are used by over 600 institutions to enhance trading operations, reduce risk and manage compliance.
John Price, Managing Director and Head of Markit Equities, said: "We are delighted that Eurex has integrated Markit’s dividend service as an input to their derivative pricing models. The service is increasingly recognised as the industry benchmark, and users will benefit from information which takes into account the likely volatility of dividend payouts."
Peter Reitz, Member of the Executive Board of Eurex, commented: "Eurex has actively increased its equity-based product range this year with the introduction of Single Stock Futures contracts on all 370 Euro and Swiss Franc-denominated components of the Dow Jones STOXX 600 index and the introduction of additional equity options, bringing the total number of equity options available on Eurex to 180. This broader range of equity derivative products has meant an even greater need for accurate dividend forecasts, given their impact on settlement prices. In recognition of the increased importance of reliable input data, and in order to maintain our leading role in the exchange-traded equity markets, Eurex has integrated Markit’s benchmark dividend forecasts in all proprietary equity pricing models."
For further information, please contact:Markit Group Limited
Markit's position in the derivatives markets has been acknowledged by the industry with awards from Credit for Best Operational Support Services Provider 2006; Inside Market Data for Reference Data Provider of the Year 2006, and Company to Watch 2006; Risk Magazine for Trading Initiative of the Year 2006 (Credit Event Fixings); Structured Finance International’s Editor's Award for Advancing Structured Finance 2006; International Securitisation Report's Editor's Award for Innovation 2005; International Financing Review’s Innovation of the Year 2005 (Credit Event Fixings); Financial News' Best Derivatives Data Provider 2005; and Institutional Investor’s Operations Management Award for Vendor of the Year 2005. For more information, see www.markit.com
Eurex is the world's largest derivatives exchange and is jointly owned and operated by Deutsche Börse AG and SWX Swiss Exchange. Eurex offers a broad range of international benchmark products and operates the most liquid fixed-income derivatives markets in the world. Furthermore, Eurex is the leading exchange for trading in European equity options and offers options on approximately 180 stocks as well as 370 single stock futures. In addition to operating a fully electronic trading platform, Eurex provides an automated and integrated clearing house, Eurex Clearing. For more information, see www.eurexchange.com
Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Plants and algae use the enzyme Rubisco to fix carbon dioxide, removing it from the atmosphere and converting it into biomass. Algae have figured out a way to increase the efficiency of carbon fixation. They gather most of their Rubisco into a ball-shaped microcompartment called the pyrenoid, which they flood with a high local concentration of carbon dioxide. A team of scientists at Princeton University, the Carnegie Institution for Science, Stanford University and the Max Plank Institute of Biochemistry have unravelled the mysteries of how the pyrenoid is assembled. These insights can help to engineer crops that remove more carbon dioxide from the atmosphere while producing more food.
A warming planet
Our brains house extremely complex neuronal circuits, whose detailed structures are still largely unknown. This is especially true for the so-called cerebral cortex of mammals, where among other things vision, thoughts or spatial orientation are being computed. Here the rules by which nerve cells are connected to each other are only partly understood. A team of scientists around Moritz Helmstaedter at the Frankfiurt Max Planck Institute for Brain Research and Helene Schmidt (Humboldt University in Berlin) have now discovered a surprisingly precise nerve cell connectivity pattern in the part of the cerebral cortex that is responsible for orienting the individual animal or human in space.
The researchers report online in Nature (Schmidt et al., 2017. Axonal synapse sorting in medial entorhinal cortex, DOI: 10.1038/nature24005) that synapses in...
Whispering gallery mode (WGM) resonators are used to make tiny micro-lasers, sensors, switches, routers and other devices. These tiny structures rely on a...
Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!
When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...
For the first time, physicists have successfully imaged spiral magnetic ordering in a multiferroic material. These materials are considered highly promising candidates for future data storage media. The researchers were able to prove their findings using unique quantum sensors that were developed at Basel University and that can analyze electromagnetic fields on the nanometer scale. The results – obtained by scientists from the University of Basel’s Department of Physics, the Swiss Nanoscience Institute, the University of Montpellier and several laboratories from University Paris-Saclay – were recently published in the journal Nature.
Multiferroics are materials that simultaneously react to electric and magnetic fields. These two properties are rarely found together, and their combined...
19.09.2017 | Event News
12.09.2017 | Event News
06.09.2017 | Event News
22.09.2017 | Life Sciences
22.09.2017 | Medical Engineering
22.09.2017 | Physics and Astronomy