Twenty-three primary market products worth an estimated €44m had strike dates in the Netherlands in March, up from 17 products with a combined volume of €17m that struck the previous month.
There were also 229 flow products that started; six products reached their maturity; and more than 16,000 turbos were added during the month. The exceptional high number of leverage products was of course due to the extreme volatility in the financial markets in March, caused by the coronavirus pandemic. The local AEX-Index, which opened the month at 542.17 basis points, dropped by more than 25% to 404.77bp on 18 March before slightly recovering and closing at 483.44 on 31 March. Every five to