Cost-efficient hedging of STIR risk

Eurex Exchange, home to the euro yield curve, delivers greater operational efficiencies for STIR (short-term interest rate) traders with Packs, Bundles and Strips in EURIBOR futures.

Hedging in money market derivatives typically requires traders to either buy or sell several outright contracts with consecutive maturity dates at once. Packs, Bundles and Strips package successive contracts together in order to facilitate execution. http://www.eurexchange.com/exchange-en/products/int/mon/packs-bundles

To encourage take up of these new products there is also a fee waiver: https://www.eurexchange.com/exchange-en/resources/circulars/EURIBOR-futures–Introduction-of-packs–bundles–strips-and-new-standard-futures-strategies–transaction-fee-waiver-for-packs-and-bundles/1157998