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22 May 2023

Eurex

Derivatives on Cryptocurrencies: Tradability of Futures on FTSE Bitcoin Index in USD and EUR in the U.S.

Eurex Circular 042/23 Derivatives on Cryptocurrencies: Tradability of Futures on FTSE Bitcoin Index in USD and EUR in the U.S.

1.   Introduction

With effect from 29 May 2023, the following futures on cryptocurrencies will be activated for tradability in the U.S.:

Product name

Product ID

Currency

Previous Capacity Group

New Capacity Group

Future on FTSE Bitcoin Index (EUR)

FBTE

EUR

Cash EUR

Cash EUR - CFTC

Future on FTSE Bitcoin Index (USD)

FBTU

USD

Cash USD

Cash USD - CFTC

Start of production: 29 May 2023

2.   Required action

There is no action required for participation in trading in these products.

3.   Details

Eurex Deutschland has submitted an application for certification to the “Division of Market Oversight” of the “Commodity Futures Trading Commission” (CFTC) to offer trading of FTSE Bitcoin Index Futures in the U.S. The CFTC has certified these contracts so that they can be made available for trading in the U.S.

The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:

  • Snapshot messages: Change from 59032 to 59000
  • Incremental messages: Change from 59033 to 59001

According to Eurex Deutschland's registration as a "Foreign Board of Trade", the above-mentioned products can be offered or sold to persons in the U.S. via Eurex terminals with direct access in the U.S.


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

client.services@eurex.com or Rachna Mathur, rachna.mathur@eurex.com, 
Equity and Index Sales America, tel. +1 212 309 93 08

Web:

www.eurex.com

Authorized by:

Randolf Roth


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