Finance
StoneX and Expana to launch OTC dairy derivatives
Published by Global Banking and Finance Review
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
StoneX and Expana are set to launch OTC dairy derivatives based on European benchmarks, initially covering milk powder and whey, to manage market risks.
PARIS (Reuters) -Commodity broker StoneX has partnered with price reporting agency Expana to launch over-the-counter dairy contracts based on Expana's European dairy price benchmarks, the companies said on Tuesday.
The initial contracts will cover fat-filled milk powder and high-protein whey, with plans to expand to other dairy products over time.
They are due to be launched in the first quarter of next year, an Expana spokesperson said.
The partnership aims to meet growing demand for new tools to manage risk and volatility in the dairy market, the companies said.
Financial operator Euronext last month said it would launch cash-settled European dairy contracts based on European butter and skimmed milk power next year.
(Reporting by Sybille de La Hamaide. Editing by Kirsten Donovan)
Dairy derivatives are financial contracts whose value is derived from the price of dairy products, such as milk, cheese, and butter. They are used by producers and traders to hedge against price fluctuations.
Risk management in finance involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.
A price benchmark is a standard or reference point used to measure the price of a commodity or financial instrument. It serves as a basis for pricing contracts and assessing market performance.
A commodity broker is a professional who facilitates the buying and selling of commodity contracts on behalf of clients. They provide market insights, execute trades, and help manage risk.
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