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24 Oct 2024

Eurex

Euro STOXX® 50/DAX® Index Options: Additional strike price intervals five trading days before expiration

Eurex Circular 106/24 Euro STOXX® 50/DAX® Index Options: Additional strike price intervals five trading days before expiration

1.    Introduction

With effect from 2 December 2024, the Management Board of Eurex Deutschland took the following decisions:

  • To introduce new strike price intervals five trading days prior to expiration for Euro STOXX® 50/DAX® Index Options (OESX/ODAX),
  • The Annexes for Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be amended as shown in the Attachment.

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

Launch in production: 2 December 2024

2.    Required action

Trading Participants should check their trading and clearing systems regarding the new strike price intervals and adapt, if required.

3.    Details of the initiative

Aim of this measure is to harmonize offered strike prices in Euro STOXX® 50 Index Options (OESX/OEXP) and DAX® Index Options (ODAX/ODAP) and to offer more relevant strike prices for risk management and investment purposes before expiration. 

Five days prior to expiration, following strike price intervals will be offered:

  • OESX: 5 index points (currently: 25 index points)
  • ODAX: 25 index points (currently: 50 index points)

The requirements for Liquidity Provider remain unchanged.


Attachment:

  • Updated sections of the Annexes to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland


Further information
 

Recipients: 

All Trading Participants of Eurex Deutschland and Vendors 

Target groups: 

Front Office/Trading, Middle + Backoffice, 

Contact: 

Tobias Ehinger, Equity & Index Product Design, tel. +49-69-211-1 23 13, tobias.ehinger@eurex.com 

Web: 

www.eurex.com

Authorized by: 

Randolf Roth

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