The international derivatives exchange, Eurex, and Dow Jones Indexes, have announced their intention to list futures and options on the Dow Jones Global Titans 50 index, starting April 23. According to company sources, this will make Eurex the first exchange to list derivatives on a global blue chip index. State Street Global Advisors manages an ETF based on the Dow Jones Global Titans 50, which is listed on the American Stock Exchange. The index represents 50 of the world's largest listed companies, with 29 from the US, and the remaining 21 from Europe and Asia.
According to a Dow Jones source, the number of financial institutions introducing products on the Dow Jones Global Titans 50 index is steadily increasing, causing market participants to seek additional trading and hedging instruments.