Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from Monday, 15 July 2024:
pursuant to Annex G to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (hereafter: Contract Specifications), as outlined in Attachment 2.
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.
Production start: Monday, 15 July 2024
2. Required action
Participants interested to trade ETRF/BTRF will need to fill in and submit the “Application Form for Participation in Trading/Clearing of Basket Trades Functionality” for the assignment of the ETRF product capacity and entitlement to the Basket Trades functionality. The form will be sent to the Participants via their Key Account Managers.
No further registration is required for the Participants already active in trading ETRFs/Basket Total Return Futures (BTRFs). However, it is recommended that the Participants analyze the potential impact front-to-back of the above changes, in particular handling of the new “Profile 14”.
3. Details
A. Product overview
Please refer to Attachment 1 for the new ETRF products, new profile and buckets.
B. Contract specifications and product parameters
Please refer to Attachment 2 for the amendments to the Contract Specifications for ETRFs/BTRFs.
In general, contract specifications for the new ETRFs are in line with the existing contracts with the relevant Eurex group ID, also in terms of trading hours and trading calendar, last trading day, settlement, and determination of the daily and final settlement prices. For the detailed Contract Specifications, please refer to 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 T7 Entry Services (TES)
The new products will be admitted to the T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the Contract Specifications in Attachment 2.
An overview of the 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 T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
D. Fees
The same transaction and maintenance fees shall apply as for the corresponding existing ETRF products.
E. 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
F. 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:
Under the same link, you will also find an updated list with details regarding Prisma-eligible Eurex products.
G. Mistrade ranges 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 following link:
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: | Elena Marchidann, Equity & Index Product Design, tel. +44-207-862-72 65, elena.marchidann@eurex.com Stuart Heath, Equity & Index Product Design, tel. +44-207-862-72 53, stuart.heath@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.
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