Deutsche Börse’s Eurex Exchange will start to offer zero-day options, as short-dated options grow in popularity.

The first daily option Eurex is rolling out will be zero-day options otherwise known as daily options for the Euro Stoxx 50 Index and will begin trading on 28 August. Zero-day options, as the name suggests, expire on the day they are traded. They are increasingly being used to hedge against intraday risk and market-moving events such as company results or interest rate announcements.