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08 Oct 2024

Eurex

Fixed Income Derivatives: Extension of Trading and Clearing hours for selected Credit Index Futures contracts

Eurex Circular 102/24 Fixed Income Derivatives: Extension of Trading and Clearing hours for selected Credit Index Futures contracts

1. Introduction 

The Management Board of Eurex Deutschland took the following decision with effect from 21 October 2024:

  • Amendment of trading and clearing hours for Bloomberg MSCI Euro Corporate SRI Index Futures (FECX), Bloomberg Liquidity Screened Euro High Yield Bond Index Futures (FEHY), Bloomberg Sterling Liquid Corporate Index Futures (FGBC), Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures (FUEM), Bloomberg US Corporate Index Futures (FUIG) and Bloomberg US High Yield Very Liquid Index Futures (FUHY).

This circular contains all information on the updated sections of the relevant Rules and Regulations of Eurex Deutschland.

The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurex.com as of start of trading under:

Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications

Production start: 21 October 2024

2. Required action 

Trading Participants are recommended to check their open orders and quotes in Credit Index Futures with the start of trading on 21 October 2024 and are also recommended to pay close attention to the information included in the attachments and analyze the potential impact in their own technical systems. Therefore, it might be necessary for Trading Participants to update their internal processes and technical interfaces to adapt for this change.

3. Details of the initiative

Starting on 21 October 2024, Eurex will extend trading and clearing hours for the following contracts:

  • Bloomberg MSCI Euro Corporate SRI Index Futures (FECX); 
  • Bloomberg Liquidity Screened Euro High Yield Bond Index Futures (FEHY);
  • Bloomberg Sterling Liquid Corporate Index Futures (FGBC);
  • Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures (FUEM);
  • Bloomberg US Corporate Index Futures (FUIG) and
  • Bloomberg US High Yield Very Liquid Index Futures (FUHY)

Trading hours for FECX, FEHY and FGBC will be extended until 22:00 CE(S)T, while clearing hours will be extended until 22:30 CE(S)T.

Trading hours for FUEM, FGBC, FUHY and FUIG will additionally be amended for the Continuous Trading to start at 07:50 CE(S)T.

In addition to the above, the trading and clearing calendar for Bloomberg US Corporate Index futures (FUIG), Bloomberg US High Yield Very Liquid Index futures (FUHY) and Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index Futures (FUEM) will be aligned to match US holidays. Respectively, the trading and clearing calendar of Bloomberg Sterling Liquid Corporate Index Futures (FGBC) will be aligned to match UK holidays.

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, IT/System Administration, Auditing/Security Coordination 

Related newsflash:

Eurex Clearing Readiness Newsflash from 8 October 2024​

Contact: 

davide.masi@eurex.com, vassily.pascalis@eurex.com, client.services@eurex.com 

Web: 

www.eurex.com 

Authorized by: 

Robbert Booij


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