Emerging Market Single Stock Derivatives
Geopolitical uncertainty continues to drive Emerging Markets, with investors looking towards listed futures and options to manage their exposure. IFEU offers a comprehensive suite of flexible Single Stock Options (SSO), Single Stock Futures (SSF) and Dividend Adjusted futures (DASF) on Russian Depository Receipts (DRs). Since January over 370k lots have traded in Russian DR contracts like Rosneft, Sberbank and Gazprom. The full list of contracts can be found here.
Dividend Adjusted Stock Futures (DASF) are Single Stock Futures without the dividend risk. DASF are adjusted for all dividend payments, be they ordinary or special dividends, under the ICE Corporate Action Policy. ICE offer DASF on over 700 underlyings, covering 25 countries spanning Developed and Emerging markets. All DASF are denominated in the currency of the underlying security, which are available in 13 different currencies. YTD ADV for DASF is 7,000 lots.