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As announced in Eurex circular 038/11, contract sizes of individual equity options will be changed. The conversion will take place in three blocks, effective on Thursdays, February 24, March 3 and March 10, 2011.
As a result of the conversion, there will be two series with different contract sizes for the same strike price in the affected products.
Within the strike price window of seven strikes, the old series with version number 1 as well as the new series with version number 0 will be considered for performance measurement in Advanced Market-Making (AMM) and Permanent Market-Making (PMM).
As a consequence, 28 series (calls and puts) instead of 14 are located in the strike price window around the current stock price. Ten of these series need to be continuously quoted. Due to expirations in series with the version number 1, the number of series in the strike price window will be reduced back to 14 over time (an additional circular is not foreseen). The quotation obligation of ten remains unchanged.
Furthermore, the minimum quote size for individual equity options will be adjusted with effect from February 24 and March 3, 2011, respectively (see attachments).
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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