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Mar 03, 2011

Eurex

Eurex KOSPI Product: Relevant KRX Information for the Ex-post Margin System and Position Limits, Eurex Cash Payment Calendar and Composite RIC Code

This circular contains the following information on the Eurex KOSPI Product:

  1. KRX (Korea Exchange) revised its “Derivatives Market Business Regulation” and the “Enforcement Rules of Derivatives Market Business Regulation”. The adjustments to the ex-post margin system and the position limits in the KOSPI 200 Futures and Options at KRX will become effective as of March 28, 2011 and March 7, 2011 respectively.
  2. There will be no cash payment in South Korean won (KRW) on the Eurex trading holiday for the Eurex KOSPI Product at the end of the year. For the current year this means that December 30, 2011 will be a trading and cash payment holiday for the Eurex KOSPI Product.
  3. To ease access to trading data, Thomson Reuters provides market participants with a Composite RIC code to access the trading data of both the Eurex KOSPI Product and KRX’s KOSPI 200 Options. The access to the data of both markets via Composite RIC code is either based on the existing access rights or has to be applied for additionally.

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.

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