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20 Mar 2020

Eurex

Eurex Daily Futures on Mini-KOSPI 200-Futures: Withdrawal of availability for trading for U.S. Participants

Eurex Circular 020/20

1. Summary

With effect from 27 March 2020, tradability of

  • Eurex Daily Futures on Mini-KOSPI 200 Futures (Eurex product code: FMK2)

will be withdrawn for U.S. Eurex Participants and U.S. investors.

2. Required action

US Participants are asked to close all positions in this product before 27 March 2020. Eurex Participants who hold agent transactions or positions from U.S. investors should be aware that they will also be affected by the withdrawal of availability for trading. We expressly ask these Eurex Participants to also close out the aforementioned positions by 27 March 2020 as well.

3. Details

The Mini-KOSPI 200 Index will transition from a non-narrow-based security index to a narrow-based security index on 1 April 2020. Accordingly, the CFTC will be withdrawing its certification of the contract effective 1 April 2020.

After such withdrawal of CFTC certification, Eurex Daily Futures on Mini-KOSPI 200 Futures contracts will be considered security futures contracts and must therefore be traded in accordance with both the U.S. securities and commodity futures laws.

Eurex Exchange notes that, in order to ensure compliance, its 27 March 2020 withdrawal of tradability for U.S. Eurex Participants and U.S. investors is in advance of the official date of the Eurex Daily Futures on Mini-KOSPI 200 Futures transition to a security futures contract. 

The new capacity group for the product is:

  • Cash KRW

Please note that as a consequence of the assignment to the new product group, the Multicast addresses for data distribution will remain unchanged. Port numbers, however, will change as follows: 

  • Snapshot Messages: Change from 59000 to 59032
  • Incremental Messages: Change from 59001 to 59033



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:Rachna Mathur, Equity & Index Sales, tel. +1-212-3 09 93 08, rachna.mathur@eurexchange.com; Floris Florquin, Product R&D Equity and Index, tel. +44-207-862-76 62, floris.florquin@deutsche-boerse.com
Web:www.eurexchange.com
Authorised by:Michael Peters


Market Status

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