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20 Mar 2025

Eurex

FX Futures: Extension of the TES entry and approval times to the end of the Off-book trading period for EFP trades

Eurex Circular 022/25 FX Futures: Extension of the TES entry and approval times to the end of the Off-book trading period for EFP trades

1.  Introduction

The Management Board of Eurex Deutschland took the following decision with effect from 1 April 2025:

  • To extend the T7 Trade Entry Service (TES) entry and approval times for EFP trades on FX Futures,
  • To amend the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (hereafter: “Contract Specifications”) as outlined in the Attachment.

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 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: 1 April 2025

2.  Required action

There are no required actions to be performed by the Trading Participants.

3.  Details of the initiative

Following the recent move of the TES periods from the Conditions for Trading at Eurex Deutschland to the Contract Specifications, as outlined in Eurex Circular 116/24, for EFP trades on FX Futures, the TES entry and approval times will be extended in the Contract Specifications, from the current time of 15 minutes to the end of the trading day (17:00 ET). This will give Trading Participants the ability to enter and approve EFP trades in FX Futures until the end of the trading day, irrespective of which time of day the trade was negotiated.

This amendment does not cover FX Rolling Spot Futures and the Eurex Daily USD/KRW Futures contracts on US Dollar Futures of KRX. For these two products, TES entry and approval times remain unchanged at 15 minutes.


Attachment: 

  • Updated sections of 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, Auditing/Security Coordination

Related circular: 

Eurex Circular 116/24

Contact: 

client.services@eurex.com

Web: 

www.eurex.com 

Authorized by: 

Jonas Ullmann


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