1. Introduction
With effect from 24 January 2022, the Management Board of Eurex Deutschland took the following decisions:
- EURO STOXX 50® Index Options (OESX): Introduction of five further monthly expirations
- DAX® and Mini-DAX® Index Futures (FDAX/FDXM): Introduction of nine further quarterly expirations
For Liquidity Providers in OESX, the requirements will be adjusted.
Production start: 24 January 2022
2. Required action
Liquidity Providers in OESX should adjust their quotation behavior accordingly. Trading Participants should adapt their trading and clearing systems to the new additional monthly and quarterly expirations.
3. Details of the initiative
Currently, Eurex offers eight expiration months within the first twelve months in EURO STOXX 50® Index Options (OESX). With the five additional expiration months, the first 13 months will be fully covered. The extension is intended to support additional and requested trading and rolling strategies. The quotation requirements for Liquidity Providers will be adjusted accordingly. The number of expiration months to be quoted will be increased by this measure from 12 to 17 months. The maximum expiration to be quoted remains unchanged at 24 months. All other requirements remain unchanged.
The minimum number of traded contracts for Block Trades in Options Contracts on the EURO STOXX 50® Index will be amended accordingly to keep the current terms for the respective minimum number of traded contracts unchanged.
The extension of maturities in DAX® and Mini-DAX® Index Futures serves to support option volatility strategies.
Attachments:
- 1 – Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
- 2 – Product Specific Supplement “Equity 01 – Equity Options and Selected Equity Index Options"
- 3 – General Supplement to the Eurex Liquidity Provider Agreement
Further information
Recipients: | | All Trading Participants of Eurex Deutschland and Vendors |
Target groups: | | Front Office/Trading, Middle + Backoffice |
Contact: | | Tobias Ehinger, Equity & Index Product Design, tel. +49-69-211-1 23 13, tobias.ehinger@eurex.com |
Web: | | www.eurex.com |
Authorized by: | | Randolf Roth |