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26 Apr 2019

Eurex

DAX® index options: Adjustment of Contract Specifications

Effective 22 July 2019, the Management Board of Eurex Deutschland decided to adjust the Contract Specifications for DAX® index options, including Weekly Options, as follows:

  • Introduction of a premium-based price gradation with defined thresholds;
  • Adjustment of tradable exercise prices.

Premium-based price gradation:

The minimum price change below a premium of 25 index points remains unchanged at 0.1 index points. A premium of 25 to 249.5 index points increases the minimum price change to 0.5 index points. As of a premium of 250 index points, the minimum price change increases to 1.0 index points.

The premium-based price gradation will be valid for all order book transactions (including strategy transactions). However, it will not be applied for Eurex T7 Entry Service (TES) transactions. These will be entered in steps of 0.1 index points, as before.

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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