1. Introduction
With effect from 12 February 2024, U.S. direct access tradability of the following products will be withdrawn for U.S. Eurex Participants:
Product name | | Product ID | | Currency | | Previous Capacity Group | | New Capacity Group |
Eurex Daily Futures on KOSPI 200 Futures | | FBK2 | | KRW | | Cash KRW - CFTC | | Cash KRW |
Eurex Daily Futures on Mini-KOSPI 200 Futures | | FMK2 | | KRW | | Cash KRW - CFTC | | Cash KRW |
2. Required action
U.S. Participants are required to close all open positions in these products before 12 February 2024. Eurex Participants who hold agent transactions or positions from U.S. investors should be aware that they too will be affected by the withdrawal of availability for trading.
3. Details
The above KOSPI 200 Index Futures will transition from a non-narrow-based security index to a narrow-based security index effective at the close of trading on 15 February 2024. Accordingly, the CFTC will be withdrawing its non-narrow-based certification for the contracts at this upcoming date.
After the close of trading on 15 February 2024, Eurex Daily Futures on KOSPI 200 and Eurex Daily Futures on Mini-KOSPI 200 Futures contracts will be security futures and must therefore be traded in accordance with both the U.S. securities and commodity futures laws.
Eurex Exchange notes that, in order to ensure compliance, its 12 February 2024 withdrawal of direct access tradability for U.S. Eurex Participants is in advance of the official date of the KOSPI 200 Index's transition to a narrow-based security index.
The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:
- Snapshot messages: Port change from 59000 to 59032
- Incremental messages: Port change from 59001 to 59033
The corresponding new "capacity group" for the products is "Cash KRW" (previously: "Cash KRW - CFTC").
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 or Rachna Mathur, rachna.mathur@eurex.com, Equity and Index Sales America, tel. +1 212 309 93 08 |
Web: | | www.eurex.com |
Authorized by: | | Randolf Roth |