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20 Dec 2023

Eurex

T7 Entry Services: Clarification of entry of reference trades

Eurex Circular 115/23 T7 Entry Services: Clarification of entry of reference trades

1.   Introduction

The Management Board of Eurex Deutschland took the following decision with effect from 2 January 2024:

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

This circular contains all information about the changes and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.

Production start: 02 January 2024

2.   Required action

There is no action required for participation.

3.     Details of the initiative

Aim of the changes is to clarify the rules for entering reference trades into the EFP facility within the Eurex T7 Entry Services. The EFP facility supports different types of transactions, e.g. Basket of Shares vs Equity Index Futures or Trade at Index Close (TAIC). Due to the nature of the transactions, different requirements for the respective transaction apply, including a potentially different minimum block trade size (MBTS).

The clarification categorizes each of the transaction types to enhance readability and comprehensiveness. 

To increase the certainty on the required MBTS, Eurex will provide a calculator on its website until further notice. 

As of 2 January 2024, the calculator can be found on the Eurex website www.eurex.com under the following path: 

Trade > Eurex T7 Entry Services
 

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, Auditing/Security Coordination

Contact:

client.services@eurex.com

Web:

Trade > Eurex T7 Entry Services

Authorized by:

Randolf Roth


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