Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decision with effect from 5 February 2024:
The Executive Board of Eurex Frankfurt AG took the following decision with effect from 5 February 2024:
This circular contains all information on the introduction of the new products and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Simulation start: 14 December 2023
Production start: 05 February 2024
2. Required action
Trading Participants are encouraged to make use of the Simulation environment to test the Trading and Clearing workflow of the planned products ahead of production launch.
3. Details of the initiative
A. Product overview
Please refer to Attachment 2 for the product details.
B. Contract specifications and product parameters
Please find the contract specifications and product parameters in the table in Attachment 1.
For the detailed Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (Contract Specifications), please see Attachment 2.
The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
C. Admission to the Eurex T7 Entry Services (TES)
The new products be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications.
An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilization and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
D. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website www.eurex.com/ec-en/ under the following path:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
E. Excessive System Usage Fee and Order-to-Trade Ratio
The Excessive System Usage Fee and the Order-to-Trade Ratio are determined in line with the existing products. For detailed information, please refer to the Eurex website under the following links:
Rules & Regs > Excessive System Usage Fee
Rules & Regs > Order-to-Trade Ratio
F. Mistrade parameters and position limits
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the links:
Markets > Dividends > Equity Index Dividend Derivatives
Data > Trading files > Position Limits
G. Transaction fees
For the transaction fees, please refer to the Price List of Eurex Clearing AG under the link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
H. Vendor codes
As of start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
I. Liquidity Provisioning
For the liquidity provisioning, please refer to the attached Product Specific Supplement (Attachment 3).
Attachments:
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: | www.eurex.com | |
Authorized by: | Randolf Roth |
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.
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