Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from Monday, 5 August 2024:
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This circular contains all information on the trading-related updates as stated above and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Production start: Monday, 5 August 2024
2. Required action
Participants are recommended to completely analyze the potential impact in their internal systems and procedures of the above changes.
3. Details
I. Extension of US trading hours on MSCI Total Return Index Futures and selected MSCI Index Futures
Products in scope:
Eurex contract code | Eurex product type | Index name | Currency | Dividend |
FMFP | Futures | MSCI EAFE | USD | Price |
FMFA | Futures | MSCI EAFE | USD | NTR |
FMUS | Futures | MSCI USA | USD | NTR |
FMGS | Futures | MSCI USA | USD | GTR |
FMWO | Futures | MSCI World | USD | NTR |
FMWP | Futures | MSCI World | USD | Price |
FMWN | Futures | MSCI World | EUR | NTR |
FMWB | Futures | MSCI World | GBP | NTR |
FMEM | Futures | MSCI Emerging Markets | USD | NTR |
FMEF | Futures | MSCI Emerging Markets | USD | Price |
FMEN | Futures | MSCI Emerging Markets | EUR | NTR |
TMFA | TRF | MSCI EAFE | USD | NTR |
TMWO | TRF | MSCI World | USD | NTR |
TMEM | TRF | MSCI Emerging Markets | USD | NTR |
II. Provision for Index Total Return Futures Trade-at-Market (TAM) Transactions on next exchange day (t+1)
This provision allows for T7 Trade Entry Services to be used to enter an MSCI Index TRF trade with reference to an Official Index Close on the following exchange day. In general, MSCI Official Index Close is disseminated after the close of trading at Eurex Deutschland. In such a case, the trade may be entered on the following trading day with adjustments made to the inputs to achieve the originally intended economics.
Where the terms of a Trade-at-Market (TAM) transaction are agreed with reference to an Official Index Close as the Custom Underlying Level, and where that Official Index Close is not available during the Off-Book Trading Period on the trading day (t) of that contract, then the TAM transaction should be entered on the next trading day (t+1), such that:
Please refer to Attachment 1 for the complete amendments to the Contract Specifications and to Attachment 2 for the amendments to Annex C to the Contract Specifications.
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
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration | |
Contact: | Stuart Heath, Equity & Index Product Design, tel. +44-207-862-72 53, stuart.heath@eurex.com; Elena Marchidann, Equity & Index Product Design, tel. +44-207-862-72 65, elena.marchidann@eurex.com; Damien Zinck, Equity & Index Sales America, tel. +1 312-544-10 51, damien.zinck@eurex.com | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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