Paul Rotter trades Euro-Bund Futures

Quote from the Traders Magazine Interview 2004 The Worlds most Successful Trader

"... Paul Rotter from Germany, 32 years old, is one trader that has made €50-60+ million ($65-78 million) per year for 10 years trading the most liquid contracts at the biggest futures exchange in the world, Frankfurts Eurex debt futures, primarily the Bund contract....."

What is Euro-Bund Futures?

Euro-Bund Futures are futures contracts based on a notional long-term debt instruments issued by the Federal Republic of Germany, with a remaining term of 8.5 to 10.5 years. It bears a notional coupon rate of six percent. Contract value is EUR 100,000 and the minimum price change is 0.01 percent, equivalent to a value of EUR 10.

Why Paul Rotter like to trade Euro-Bund futures?

It is because Liquidity.  There are one million contracts traded a day. Although he is the biggest player in the Eurex exchange.  When a trend starts out of the blue with only slight pullbacks, he could trade against it, but with no effect. He could not stop the market from going up, because there would be more money needed that he could bring in. In the other words, when we trade we should look for a liquidity market.

Euro-Bund futures trades on Eurex 

Eurex is the world's largest futures and options exchange, providing European benchmark derivatives featuring open and low-cost electronic access globally. Its electronic trading and clearing platform offers a broad range of products, and amongst others operates the most liquid fixed income markets. Eurex was established in 1998 with the merger of Deutsche Terminbörse (DTB, the German derivatives exchange) and SOFFEX (Swiss Options and Financial Futures).

Eurex is considered one of the "big three" derivative exchanges, along with NYSE Euronext Liffe and the Chicago Mercantile Exchange.

Euro-Bund Contract Specification

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