SIBEX (Sibiu Exchange), the market leader in the exchange-traded derivatives industry in Romania, has signed a sub-licence agreement with CME Group and Dow Jones Indexes to launch a futures contract.

The contract will be based on the Dow Jones Industrial Average. CME Group owns the exclusive licence to trade US dollar denominated futures and futures-options contracts based on the Dow Jones Industrial Average (DJIA).

The DJIA futures contracts listed on SIBEX market will be denominated in US dollar and Romanian leu and will have the multiplier of one and quarterly maturities up to 12 months. The product is dedicated mainly to Romanian investors and will complete the range of financial instruments available on the Romanian capital market.

SIBEX, established in 1994, has 38 members from brokerage houses and commercial banks. It offers futures, options and contracts for difference (CFDs) having currency rates, indexes, stocks, interest rates and commodities as underlying assets. The first futures contract was launched in July 1997. At present there are 30 different instruments available on SIBEX's electronic trading system.