The long awaited dividend futures are finally open for trading on the AEX. The trick of the trade seems simple, estimate the yearly dividend, and quote it all day. Doesn’t really move anymore.
Euronext has found two liquidity providers ready to “quote” these futures. From the USA there’s Susquehanna (SIG) and from France there’s the delta 1 desk from Société Générale sending their bids and offers in the dividend future.
In theory at least, as one of these liquidity providers isn’t pulling its weight. There’s a quote for only 50 lots, with no quotes behind. And it’s a boring job in an empty shop – no single contract has been traded yet. The dividend seems to be a little more than 11 euro per year. Don’t know how that corresponds with the option market.