Find
04 Jun 2024

Eurex

Fixed Income Derivatives: Tradability of Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures and Sterling Liquid Corporate Bond Index Futures for Participants in the U.S.

Eurex Circular 056/24 Fixed Income Derivatives: Tradability of Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures and Sterling Liquid Corporate Bond Index Futures for Participants in the U.S.

1. Introduction

With effect from 10 June 2024, the following Futures contracts will be activated for tradability in the U.S.:

  • Futures on the Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index (FUEM)
  • Futures on the Bloomberg Sterling Liquid Corporate Index (FGBC)

Production start: 10 June 2024 

2. Required action

There is no action required for participation in trading in these products.

3. Details

Eurex Deutschland has submitted an application for certification to the Commodity Futures Trading Commission (CFTC) to offer trading of Futures on the Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index (FUEM) and on the Bloomberg Sterling Liquid Corporate Index (FGBC) in the U.S.

The CFTC has certified these contracts so that they can be made available for trading in the U.S.


Product name

Product ID

CurrencyPrevious Capacity Group

New Capacity Group

Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures

FUEM

USD

Cash USD

Cash USD - CFTC

Bloomberg Sterling Liquid Corporate Index Futures

FGBC

GBP

Cash GBP

Cash GBP - CFTC

The multicast (IP) addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:

  • Snapshot messages: Change from 59032 to 59001
  • Incremental messages: Change from 59033 to 59002 

The corresponding new "Capacity Group" for the contracts is:

  • For Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures:
    "Cash USD - CFTC" (previously: "Cash USD");
  • For Bloomberg Sterling Liquid Corporate Index Futures:
    "Cash GBP - CFTC" (previously: "Cash GBP")

According to Eurex Deutschland's registration as a Foreign Board of Trade, the above-mentioned products can be offered or sold to persons in the U.S. via Eurex terminals with direct access in the U.S.


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, Davide Masi, davide.masi@eurex.com or Vassily Pascalis, vassily.pascalis@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. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.