Project Readiness

Next Generation ETD Contracts

Eurex is implementing an enhanced Exchange Traded Derivatives (ETD) contract concept to allow more than one expiration per month on product level (sub-monthly contracts). These changes create the basis for the introduction of several new product initiatives.

New features, changes and improvements: 

  • Integration of Weekly Expiring Instruments on Product Level
  • Position rolling between weekly & non-weekly instruments 
  • Higher visibility of weekly expiring instruments 
  • Implementation of daily expiring futures and calendar spreads  
  • Enhancements of clearing & settlement procedures 

Simulation start: 6 Dec 2021 (limited testing), Jan 2022 (full scope testing)
Production start:
06 February 2023 

Next generation ETD timeline

 

Supporting Documents

Circulars

Readiness Videos

Participants Requirements

Feature/Enhancement

Details

Action Item

New ETD contract concept

New ETD contract concept applicable in the trading, clearing and risk management area

  • current format: MMYYYY
  • new format: DDMMYYYY
  • Eurex encourages all Trading and Clearing Members to take appropriate actions and to switch to the new contract concept based on contract date (day-month-year) as soon as possible by February 2023 go-live date.

Simulation Start for C7

  • New layouts and reports (early December 2021)
  • Sub-monthly contracts added to the simulation environment (End of January 2022)
  • Clearing Members should prepare and make the necessary adjustments with respect to reports, GUIs as well as interface changes and take advantage of the full scope simulation.

Production Go-Live (February 2023)

New contract identification approach available for with releases for T7, C7, Prisma

  • Clearing Members should be prepared to deal with new contract concept based on contract date (day-month-year).

Launch of Business Initiatives (February 2023)

  • Integration of Weekly Options
  • Daily Expiring Single Stock Futures for Options Volatility Strategies
  • T+X basis trading for all MSCI Futures
  • With the launch of the new business initiatives in February 2023, Clearing Members and their Trading Members that are not compliant with the new contract identification approach:
    • will not have access to weekly options and
    • will not be able to support the new business initiatives


What´s next?

Have a look at the Cross-Project-Calendar and know what’s coming next or is on the horizon and might have an impact on you!
Find out more!

Are you looking for information on a previous initiatives? We have stored information about our previous initiatives in our Archive for you! 

Contacts


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