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12 Feb 2025

Eurex

Equity Index Derivatives: Change of the minimum price gradation in selected Equity Index Derivatives as of 3 March 2025

Eurex Circular 012/25 Equity Index Derivatives: Change of the minimum price gradation in selected Equity Index Derivatives as of 3 March 2025

1. Introduction

The Management Board of Eurex Deutschland took following decisions as of 3 March 2025

A. To change the minimum price gradation (tick size) 

  • In Mini-Futures on MDAX® (FSMX) for outright contracts in the order book
  • In Futures on STOXX® Select Dividend 30 Index (FEDV) for calendar spread contracts 
  • In Options on STOXX® Europe 600 index (OXXP) for all contracts

B. To amend the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (Attachment).  

2. Required action

Please consider the changes in your exchange interfaces. All orders and quotes in Mini-Futures on MDAX® will be deleted prior to the change after end of post-trading on 28 February 2025. 

3. Details

The below table provides an overview on the upcoming changes for each contract and transaction type (changes are bold and underlined): 

Trade type

Current tick size

New tick size


Mini-Futures on MDAX (FSMX) 

Outright Order Book

1 index point (EUR 1) 

5 index points (EUR 5) 

Calendar Spread Order Book 

1 index point (EUR 1) 

1 index points (EUR 1) 

TES Block Trade 

1 index point (EUR 1) 

1 index points (EUR 1) 


Futures on EURO STOXX® Select Dividend 30 (FEDV)


Outright Order Book 

0.5 (EUR 5) 

0.5 (EUR 5) 

Calendar Spread Order Book 0.5 (EUR 5) 0.1 (EUR 1) 

Outright TES Block Trade 

0.5 (EUR 5) 0.5 (EUR 5) 

0.5 (EUR 5) 

Calendar Spread TES Block

0.5 (EUR 5) 0.1 (EUR 1) 
Options on STOXX® Europe 600 (OXXP)Order Book 0.1 (EUR 5) 0.05 (EUR 2.5) 

TES Block Trade 

0.1 (EUR 5) 

0.05 (EUR 2.5) 

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/Handel, Middle + Backoffice, IT/System Administration

Contact:

Derivatives Trading Operations, eurextrading@eurex.com, tel. +49-69-211-1 12 10 

Web:

www.eurex.com

Authorized by:

Randolf Roth


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