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Contract Specifications
Contract sizes
1 FX futures contract. The currency stated first in each currency pair is the base currency of such pair; the currency stated second is the quote currency. An FX option is traded in its respective quote currency.
Settlement
The exercise of an option on FX futures results in the creation of a corresponding position in the FX futures for the option buyer as well as the seller to whom the exercise is assigned. The position is established after the Post-Trading Full Period of the exercise day, and is based on the agreed exercise price.
Price quotation and minimum price change
The price quotation is determined as a decimal number with five decimal places. The minimum price change is 0.00001, equivalent to a value of one unit of the quote currency. of the relevant FX futures contract.
For FX options with Japanese Yen as quotation currency the price quotation is determined as a decimal number with three decimal places. The minimum price change is 0.001, equivalent to a value of 100 units of the quote currency of the relevant futures contract.
Contract months
Up to 12 months: The twelve nearest successive calendar months.
Last trading day and final settlement day
Last trading day and final settlement day is the second Friday of each expiration month. Close of trading in the expiring FX option series on the last trading day is at 15:00 CET.
Daily settlement price
The underlying reference price for FX options contracts is the daily settlement price of the corresponding FX futures series.
Further details are available in the clearing conditions.
Final settlement price
The final settlement price of the corresponding expiring FX futures contract shall be relevant for the FX options contract.
Exercise
European-style; an option can only be exercised on the final settlement day of the respective option series until the end of the Post-Trading Full-Period (16:00 CET).
Exercise prices
Option series of FX options contracts with a term of up to 6 months have exercise prices with price gradations of 0.00250 units of the quote currency or 0.00500 units of the quote currency for terms of more than 6 months.
Options series of FX Options with Japanese Yen as quote currency and a term of up to 6 months have exercise prices with price gradations of 0.250 units of the quote currency or 0.500 units of the quote currency for terms of more than 6 months.
Number of exercise prices
Upon the admission of options, at least 21 exercise prices shall be made available for each due date for each call and put, such that ten are in-the-money, one is at-the-money and ten are out-of-the-money.
Block Trades
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 1 contract.
Market-Making Parameter
All quotation parameters at a glance
Mistrade Parameter
This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
Crossing Parameters
(section 2.6 Eurex Trading Conditions)
(1) Orders and Quotes relating to the same Instrument or Combined Instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.
(2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.
(3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).
(4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated.
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 00:55 | 01:00 | 23:00 | 23:05 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 00:55 | 01:00 | 15:00 | 16:00 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in CHF
No cash payment in NZD
No cash payment in JPY
No cash payment in JPY
No cash payment in SEK
Last trading day for FX Derivatives
No cash payment in JPY
No cash payment in USD
No cash payment in AUD
No cash payment in NZD
No cash payment in JPY
Last trading day for FX Derivatives
No cash payment in USD
No cash payment in JPY
Last trading day for FX Derivatives
No cash payment in JPY
Last trading day for FX Derivatives
No cash payment in NOK
No cash payment in DKK
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in NZD
No cash payment in AUD
No cash payment in JPY
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in JPY
No cash payment in GBP
No cash payment in JPY
Last trading day for FX Derivatives
No cash payment in GBP
No cash payment in USD
No cash payment in NOK
No cash payment in CHF
No cash payment in SEK
No cash payment in DKK
No cash payment in DKK
No cash payment in NZD
No cash payment in DKK
No cash payment in SEK
No cash payment in NOK
No cash payment in DKK
No cash payment in CHF
Last trading day for FX Derivatives
No cash payment in USD
No cash payment in SEK
No cash payment in NZD
No cash payment in USD
Last trading day for FX Derivatives
No cash payment in JPY
No cash payment in CHF
No cash payment in JPY
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
No cash payment in KRW
Last trading day for FX Derivatives
No cash payment in GBP
No cash payment in USD
Last trading day for FX Derivatives
No cash payment in JPY
No cash payment in JPY
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
No cash payment in KRW
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
No cash payment in KRW
Last trading day for FX Derivatives
No cash payment in JPY
No cash payment in USD
No cash payment in NZD
No cash payment in JPY
No cash payment in USD
Last trading day for FX Derivatives
No cash payment in JPY
No cash payment in USD
Last trading day for FX Derivatives
No cash payment in SEK
No cash payment in DKK
Eurex is closed for trading in all derivatives
No cash payment in NOK
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in DKK
No cash payment in JPY
No cash payment in SEK
Eurex is closed for trading in all derivatives
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees (A-, M- and P-accounts) | USD 0.30 per contract |
| TES transactions / Eurex EnLight: Standard fees (A-, M- and P-accounts) | USD 0.45 per contract |
| Exercise of options (A-, M- and P-accounts) | USD 0.30 per contract |
| Assignment of options (A-, M- and P-accounts) | USD 0.30 per contract |
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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