The FINANCIAL -- Borsa Italiana has launched AGREX, a
new segment on IDEM and the only Italian derivatives market dedicated to
The first products available for trading on this new segment are durum wheat futures.
Durum wheat is primarily used to produce pasta and couscous, with the European Union being the largest producer in the world. Only durum wheat for consumption as food will be eligible to qualify for the AGREX segment of IDEM. As Borsa Italiana said, contracts will be based on batches of 50 metric tons, which are traded every afternoon from 14:30 – 17:40 CET, with liquidity guaranteed by primary market makers and liquidity providers.
Ennio Arlandi, Head of Energy and Commodities Equity and Derivatives Markets of Borsa Italiana, said:
“The launch of the AGREX segment on IDEM broadens our offering and allows customers to immediately trade one of the most important commodity for the Italian agri-foodstuff industry.
The introduction of AGREX allows operators to be protected against volatility caused by price fluctuations typical of durum wheat, with a more transparent and reliable price, on a market guaranteed by CC&G”.
Following launch there are 4 delivery months during the year in March, May, September and December.