1. Introduction
With this circular, we would like to provide you with further information about the planned rollout of the Passive Liquidity Protection (PLP) functionality for EURO STOXX 50® Index Options, which is scheduled for October 2022.
Production start OESX: 10 October 2022
Simulation start OESX: 7 September 2022
2. Required action
There is no particular action required. Participants interested in testing the PLP functionality for the new supported products should use the Eurex simulation environment for testing, which will be activated beforehand. Already today, the Eurex simulation environment allows testing PLP on several products (e.g. ODAX and OTUK).
3. Details of the initiative
On 10 October 2022, PLP will be activated for the following products:
- EURO STOXX 50® Index Options (OESX)
- EURO STOXX 50® Weekly Contracts (OES1 to OES4)
- EURO STOXX 50® Month-End Index Options (OMSX).
The envisioned, appropriate deferral time is currently under evaluation and will be communicated in a separate Eurex circular in mid-2022.
For more information on the PLP functionality, please see the dedicated PLP page on the Eurex website with in-depth insights into how and why Eurex has pioneered the provision of a functional solution to level the playing field for Trading Participants, as well as additional highlights on the effects the introduction of PLP had on the trading characteristics and liquidity picture of DAX index options.
For further information please see:
Trade > Eurex PLP
Further information