Derivatives on Exchange Traded Products: Introduction of Futures on BTCetc - ETC Group Physical Bitcoin
Eurex Circular 080/21 Derivatives on Exchange Traded Products: Introduction of Futures on BTCetc - ETC Group Physical Bitcoin
1. Introduction
The Management Board of Eurex Deutschland and the Executive Board of Eurex Frankfurt AG took the following decisions with effect from 13 September 2021:
Introduction of Futures on BTCetc - ETC Group Physical Bitcoin pursuant to Attachment 1
To determine a position limit in Futures on BTCetc - ETC Group Physical Bitcoin of 5,000 contracts
To offer a Liquidity Provider Scheme for Futures on BTCetc - ETC Group Physical Bitcoin according to the Product Specific Supplement in Attachment 2
This circular contains all information on the introduction of the new product and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Production start: 13 September 2021
2. Required action
There is no action required for participation.
3. Details of the initiative
A. Product overview
Please refer to Attachment 1 for the new product.
B. Contract specifications
For the detailed Contract Specifications, please see Attachment 1.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website as of start of trading under:
The new product 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.
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 utilisation and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
E. Excessive System Usage Fee and Order to Trade Ratio
The Excessive System Usage Fee and the Order to Trade Ratio for the new product are determined in line with the existing products (FSTK). For further information, please refer to the Eurex website under the following links:
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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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