A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions as of 9 June 2025:
A. To reduce the minimum price gradation (tick size) for Short Term Euro-BTP Futures (FBTS),
B. Amendment of the Contract Specifications for Futures Contracts and Options Contacts at Eurex Deutschland (Contract Specifications) for Euro-Fixed-Income futures contracts on debt securities of the Republic of Italy,
C. To amend the Contract Specifications as set out in the Attachment.
2. Required action
All Trading Participants of Eurex Deutschland and vendors are affected by these changes. Please consider the changes in your interfaces to the trading system.
The orders/quotes in FBTS will not be deleted.
A change in the minimum price gradation will take place in the simulation environment on 11 April 2025.
3. Details
The below table provides an overview of the upcoming adjustments (changes are bold and underlined):
| Product | Business type | Current tick size | New tick size |
Short Term Euro-BTP Futures (FBTS) | All order types | 0.01 (EUR 10) | 0.005 (EUR 5) |
Due to the reduction of the minimum price gradation to 0.005, the decimals for the product will change from 2 to 3 decimals.
It is planned to support the measure with a short-term Liquidity Provider Scheme. Details will be announced at a later date.
B. Amendment of the Contract Specifications for Euro-Fixed-Income futures contracts on debt securities of the Republic of Italy
Due to their limitation to retail investors (analogous to BTP Valore and BTP Futura bonds), debt securities of the Republic of Italy, which are explicitly issued as "BTP Più", shall not be deliverable under Short Term Euro-BTP Futures, Mid Term Euro-BTP Futures and Euro-BTP Futures contracts.
Attachment:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Handel, Middle + Backoffice, IT/System Administration | |
Contact: | jutta.frey-hartenberger@eurex.com, vassily.pascalis@eurex.com; Derivatives Trading Operations, eurextrading@eurex.com, tel. +49-69-211-1 12 10 | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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