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1. Extension of Order Validation for the CONF and FGBX Capital Market Futures
On 27 June, 2002 the Management Boards of Eurex Deutschland and Eurex Zürich made the decision to extend the plausibility checks described in Circular 040/02 to the CONF and FGBX Capital Market Futures products.
With effect from 08 July, 2002 Market and Stop orders for these two products whose size exceeds 250 contracts will be rejected by the Eurex system with the error message “MAXIMUM ORDER QTY EXCEEDED” and must, if actually intended, be entered as multiple orders.
During the trading period, Limit orders and quotes entered for the CONF and FGBX contracts, including combination orders and quotes, will be subject to an additional plausibility check against a reference price, and in the event of a significant deviation from the reference price will be rejected by the Eurex system with the error message “INVALID PRICE”.
| Maximum Deviation from the reference price: | Relative Value | Absolute Value in Points |
| CONF (Future on 8-13 Yr. Swiss Gov. BONDS) | 0.3% | 0.15 |
| FGBX (Future on 20-30 1/2 Yr. German Gov. BONDS) | 0.4% | 0.20 |
Due to market prices, the absolute value in points will be used principally (only) for the evaluation of Combination orders and quotes.
Attachment 1 gives a full overview of the order validation parameters for price-time-matched futures at Eurex.
2. Increase of Transaction Limits for FSTX, FSTB and FESB
With effect from 8 July, 2002, the Management Boards of the Eurex Exchanges have also decided to increase the transaction limit floor for the following futures contracts from 6,000 to 9,000 transaction per day per member:
Attachment 2 is an updated table of transaction limits and excess fees valid from 8 July, 2002.
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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