Deutsche and Goldman launch first inflation-based derivatives

Deutsche Bank and Goldman Sachs are to introduce derivatives auctions based on inflation data, giving traders the first instruments for hedging against short-term inflation risk.

Following the success of their economic auctions based on the US employment, sales and manufacturing figures, the two banks will hold the first option auctions based on the Eurozone inflation benchmark, the Harmonised Index of Consumer Prices (ex tobacco) - or HICP - in May.

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