One of the three credit derivatives contracts launched five months ago by Eurex, the Swiss-German exchange, has failed to attract a single trade.

Eurex launched the exchange-traded credit index futures on March 27 with three contracts based on iTraxx indices, which are constructed using the most liquid credit default swaps in Europe and Asia. No contracts had been traded on the iTraxx HiVol index by the end of last month, according to Eurex statistics.