After exactly one month of trading, the dividendfutures on the AEX haven’t yet convinced the market. The futures opened for trading on May 3rd, and Susquehanna or SocGen is quoting these futures.
Didn’t really expect turbulent trading, as the Amsterdam financial market is notorious for its unwillingness to trade new instruments other than options. The dividend futures are heading for the financial graveyard stuffed with potato-futures and currency related instruments. There hasn’t been traded any single dividend future contract yet. None. Zero.
Every disadvantage has it’s own advantage, according to Johan Cruyff. This famous quote applies to the financial market as well. Closing down this dividendfuture market can be arranged without any hassle – there is no open interest to deal with. Just switch of the light. However, Euronext would never shut down any product – as there’s hardly any cost involved in keeping a small market open.