Hi everybody. I'm interested in buying options on ETF on broad-based indices, in Euro denomination, but they seem to have very bad liquidity. I wonder if anyone here can explain to me why, on EUREX, ETF options have such a low trading volume compared to cash-settled index options. For example, in 02/2007 there were around 18,000,000 contract traded on cash-settled DJ EURO STOXX 50 Index options, and only 31 contracts traded on options on the iShares EURO STOXX 50 ETF. Source: http://www.eurexchange.com/market/statistics/market_statistics/online_en.htm) Where else are EURO denominated ETF options traded? Thank you to those who will take some time to clarify my doubts.