Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from Monday, 3 June 2024:
The Executive Board of Eurex Frankfurt AG took the following decision with effect from Monday, 3 June 2024:
This circular contains all information on the introduction of the new products and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Production start: 3 June 2024
2. Required action
There is no action required for participation.
3. Details
A. Product Overview and Contract Specifications
Product | FTSE® All-World Index Futures | ||
Product ID | FTAW | ||
Underlying Index | FTSE® All-World [Net Total Return] in USD (TAWNT01U Index) | ||
Product ISIN | DE000A4AGJN1 | ||
Contract Currency and Multiplier | USD 10 per index point | ||
Tick size in Order Book (index points) / Tick Value | 0.5 index points (tick size value of USD 5.00) | ||
Tick size in T7 TES (index points) / Tick Value | 0.01 index points (tick size value of USD 0.10) | ||
| Contract Months | Next 3 succeeding quarterly expiries in the Mar / Jun / Sep / Dec cycle | ||
| Settlement method | Cash Settlement | ||
Last Trading Day and | 3rd Friday of the contract month (if this is an exchange day, otherwise, the Eurex trading day immediately preceding this day) | ||
| Final Settlement Day | Exchange day immediately following the Expiry Day: This is the date when the Final Settlement Price (FSP) is determined and published by Eurex. | ||
| Final Settlement Price (FSP) (index points) | Determined by Eurex on Final Settlement Day based the Official Index Close as of 3rd Friday of the contract month (if this is an exchange day, otherwise the Official Index Close, the Eurex trading day immediately preceding this day) | ||
| Minimum Block Trade Size | 2 contracts | ||
| Trading Hours | Order Book:
Trade Entry Services:
|
For the detailed contract specifications, please see Attachment 2.
The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
B. Admission to the Eurex T7 Entry Services (TES)
The new products will be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications (Attachment 1).
An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilization and minimum entry size for the Eurex T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
C. Transaction fees
For the transaction fees for the new products, please refer to the Price List of Eurex Clearing AG on the Eurex Clearing website www.eurex.com/ec/en/ under the link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
D. Vendor codes
At start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
E. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
F. Mistrade parameters
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link:
G. Liquidity provisioning
Please refer to the attached Product Specific Supplement (Attachment 3) for details. An overview of Market-Making and Liquidity Provisioning at Eurex can be found on the Eurex website under the following link:
Trade > Market-Making and Liquidity provisioning
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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