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16 Mar 2021

Eurex

Eurex EnLight: Extension of FX derivatives

Eurex Circular 026/21 Eurex EnLight: Extension of FX derivatives

1.  Introduction

As of 31 May 2021, the Eurex FX Derivatives (Classic FX Futures, Rolling Spot Futures and Options on Classic FX Futures), will also become available for trading on Eurex EnLight.

Production start: 31 May 2021

The Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (Contract Specifications) will be amended according to the Attachment with effect as of 31 May 2021.

The full version of the updated Contract Specifications will be published on the Eurex website as of start of trading under:

Rules & Regs > Eurex Rules & Regulations > Contract Specifications

2.  Required action

In order to act as a Requester and/or Responder for these new products on Eurex EnLight, entitlements must be set at trader user level. Please contact your Key Account Manager for further information.

In order to add a Responder to the Eurex EnLight White List and Smart List, please also contact your Key Account Manager.

3.  Details of the initiative

As a supporting measure, Eurex Frankfurt AG (EFAG) and Eurex Clearing AG (ECAG) will extend the Liquidity Provision rebate structure for the Eurex FX Derivatives to the transactions traded on Eurex EnLight. The same rebate level will apply to the transactions traded via Eurex EnLight and via Eurex T7 Entry Services.

The respective Product Specific Supplements (PSS) will be amended according to Annexes 3 and 4 to Eurex Circular 024/21 with effect as of 1 May 2021. The amendments will be deemed to have been approved if Liquidity Providers do not lodge objections with EFAG and ECAG within fifteen (15) business days of notification of these amendments. EFAG and ECAG reserve the right to terminate in the event Liquidity Provider objected to a proposed amendment pursuant to Section 9 Paragraph 2 lit. c) of the Liquidity Provider Agreement which is provided on the Eurex website.

As per Eurex Clearing Circular 025/21, the Price List of Eurex Clearing AG will also be amended in order to reflect the appropriate updates needed to support the Eurex EnLight extension of FX derivatives.

Please refer to the Attachment for the new scope of products that will be available for trading in Eurex EnLight as of 31 May 2021.

Attachment: 

  • Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration

Related circular:

Eurex Circular 024/21

Contact:

client.services@eurex.com

Web:

Eurex EnLight

Authorised by:

Randolf Roth


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