Find
Dec 17, 2009

Eurex

Equity Options: Introduction of Intra-day Non-Disclosure Limit for OTC Block Trades

The Executive Board of Eurex Clearing AG decided to introduce an intraday  non-disclosure limit for OTC Block Trades in equity options. Five threshold values as of and including sizes of 20,001, 10,001, 5,001, 2,501 and 1,001 contracts will be determined, by reaching or exceeding of which Block Trades will not be disclosed by the EurexÒ system. In order to guarantee non-disclosure in such cases, each trade will be validated against the respective non-disclosure limit determined by Eurex Clearing on product level. On the following day, the entire trade volume (including trade volumes that were not disclosed intraday) will be updated and distributed to the market.

Non-disclosure of OTC Block Trades in equity options will come into effect on January 28, 2010. In the Eurex Permanent Simulation, the non-disclosure limit is already available for selected equity options.

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

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. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.