The additional contract versions service support off-book trading of tailor-made futures and options contracts. This allows traders to customize their trades to meet their individual needs.
In this way, Eurex Trading Participants benefit from the flexibility of off-book trading and at the same time take advantage of the efficiency and safety of standardized exchange, clearing and settlement processes.
Eurex products across various asset classes (Equity & Equity Index derivatives, ETF & ETC derivatives, Options on Fixed Income Futures and Commodity derivatives) are offered via the additional contract versions services. The Minimum Trading Size for additional contract versions is identical to the Minimum Block Trade Size of the respective product.
Market participants can design additional contract versions for Futures trades by selecting:
- Flexible maturity
Participants of an additional contract version of a Futures trade can create their own maturity date for the transaction. Individual maturity dates can be as early as the next exchange day or as far out as the maturity date for the most distant respective standard futures contract. - Settlement type
In trades with Single Stock Futures market participants have the ability to negotiate the terms of settlement at time of conclusion (cash settlement or physical delivery).
Market participants can design additional contract versions for Options by selecting (in addition to the selectable features for additional contract versions for Futures):
- Exercise price
The selected exercise price can be defined above the highest exercise price of the corresponding regular option series or may be the lowest exercise price of an option (e.g. LEPOs) which can be represented in the Eurex® system or an intermediate price. Maximum exercise prices are limited to 2.5-times the highest available standard expiries in the respective product. - Expiration date
The expiration date can be any exchange day (with some special Eurex defined exceptions) starting from the next exchange day until the longest currently active standard expiration date of the respective product. - Exercise-style
American-style (exercise on any exchange day during the lifetime of the option) or European-style (exercise only on the last trading day of the option) can be specified. - Settlement type
In trades with equity and ETF options market participants have the ability to negotiate the terms of settlement at time of conclusion (cash settlement or physical delivery).
Clearing features
Eurex Clearing offers a series of back office features for additional contract versions to support back office processing.
- Give-up/take-up functionality
- Position transfer
- Trade separation
- Close out/partial close-out
- Exercise/partial exercise
Eurex products and product groups
Find detailed information about all Eurex products and their availability and usage regarding the various Eurex T7 Entry Services in the daily updated file.
Template additional contract versions
Upload order information for additional contract versions via the import functionality of the Eurex T7 Entry Services (similar to the Block Trade Service Bulk Load).