European derivatives marketplace Eurex Exchange has announced that it will expand its dividend derivatives suite of products by offering dividend futures, according to a statement released by German exchange Deutsche Boerse.

These risk management tools will be derived from the dividends paid by various sector indices, according to 4-traders.com. The sectors covered were created after polling market participants to find out which industries they would want to gain exposure to.

The creators of the derivatives products used this market data to create products based on dividends produced by utilities, banking, oil and gas, insurance and telecommunications stocks contained in the STOXX Europe 600 and EURO STOXX indices, the media outlet reports.

Derivatives based on dividends were first offered in June 2008, the media outlet reports. Trading volume rose to average more than 23,000 transactions per day in 2011. There were more than 6 million transactions that year, and January 2012 saw trading activity rise to 26,000 contracts per day.

Deutsche Boerse has had to expand in different direction after its attempted takeover of NYSE Euronext was recently vetoed by the European Commission, on the basis that the combination of the two exchanges would create an entity with control of more than 90% of European equity derivatives.