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Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from Monday, 31 March 2025:
Production start: 31 March 2025
This circular contains all information on the trading-related updates as stated above and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
2. Required action
Participants interested to trade ETRF/BTRF will need to fill in and submit the “Application Form for Participation in Trading/Clearing of Basket Trades Functionality” for the assignment of the ETRF product capacity and entitlement to the Basket Trades functionality. The form will be sent to the Participants via their Key Account Managers.
No further registration is required for the Participants already active in trading ETRFs/BTRFs. However, it is recommended that the Participants analyze the potential impact front-to-back of the above changes, in particular handling of the new profile “15”.
3. Details
I. Introduction of 30 Equity Total Return Futures
Please refer to Attachment 1 for the names and ISINs of the underlyings, Eurex product IDs, contract sizes, Minimum Block Trade Sizes and Bloomberg Underlying Tickers.
II. Introduction of new profile and bucket
Profile name | Profile ID | Eligible Buckets | Notional ADV Limitation | Individual Limitation | Financial Sector Entities Limitation |
Profile 15 | 15 | B12 | Maximum 1 ADV | Maximum 50% | Maximum 30% |
Group ID | Bucket ID | Group description | ||
CH40 | 15 | Swiss/Large Cap |
III. Amendment of product ID for Equity Total Return Future on Smiths Group, denominated in GBX
The product ID for the ETRF on Smiths Group will be amended. All other parameters for this product remain unchanged.
Equity Total Return Future on | Product ID | Group ID | Cash Market ID | Contract Size | Currency |
Smiths Group | TSMI TSMN | GB40 | XLSE | 100 shares | GBX |
A. Admission to the Eurex T7 Entry Services (TES)
The new products will be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications (Attachment 3).
An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilization and minimum entry size for the Eurex T7 Entry Services is available on the Eurex website www.eurex.com under the link:
Data > Trading files > T7 Entry Service parameters
B. Transaction fees and maintenance fees
The transaction and maintenance fees for the new products can be retrieved from the updated sections of the Price List of Eurex Clearing AG, as outlined in Attachment 3 to Eurex Clearing Circular 007/25. The full version of the updated Price List will be published on the Eurex Clearing website www.eurex.com/ec-en/ under the link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
C. Vendor codes
At start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
D. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website www.eurex.com/ec-en/ under the following path:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
E. Mistrade parameters
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link:
Markets > Product Overview
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | Derivatives Trading Operations, tel. +49-69-211-1 12 10, eurextrading@eurex.com | |
Web: | ||
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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