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Eurex Clearing
The Management Board of Eurex Deutschland, the Executive Board of Eurex Zürich and the Executive Board of Eurex Clearing AG decided to postpone the launch of FX futures and FX options on six currency pairs (EURUSD, EURCHF, EURGBP, GBPUSD, GBPCHF, USDCHF). Eurex Deutschland and Eurex Zürich therefore revoked the admission to trading of the FX futures and FX options until further notice.
Accordingly and until further notice, Eurex Clearing will not offer clearing of FX futures and FX options as notified in Eurex Clearing circulars 094/13 and 105/13 pursuant to Chapter II Section 2 Number 2.19 respectively Chapter II Section 3 Number 3.13 of the Clearing Conditions for Eurex Clearing AG. Also, inclusion of FX futures and FX options in the clearing of Eurex Clearing AG pursuant to the Conditions for Utilization of the OTC Trade Entry Facilities (General Conditions for Participation) will not be offered until further notice.
The third party service provider bank that will give access to the Continuous Linked Settlement (CLS) system required for the settlement of FX futures and FX options has requested additional time to further strengthen the control framework. As a result, the launch scheduled for 7 October 2013 has been postponed and a new launch date will be announced in due course.