The Management Board of Eurex Deutschland and the Executive Board of Eurex Frankfurt AG took the following decisions:
With effect from 19 October 2020:
In this context, Eurex Clearing AG will be introducing fee measures with effect from 2 November 2020 (see Eurex Clearing circular 081/20):
2. Required action
There is no required action for participation.
3. Details of the initiative
New maturities are made available to trading:
The introduction of the new maturities is accompanied by pricing measures for Single Stock Dividend Futures and Single Stock Futures. Please refer to section C. for more details.
A. Contract specifications
For the detailed Contract Specifications, please see Attachment 1 to this circular.
The updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurex.com as of start of trading under the following link:
B. Liquidity Provider schemes
The two relevant Product Specific Supplements (PSS) shall be amended with effect from 19 October 2020 to reflect the introduction of the new interim maturities.
All further information can be found in the attached PSS documents (Attachments 2 and 3).
The Product Specific Supplements to the Liquidity Provider Agreement shall be amended according to Attachments 2 and 3. The amendments will be deemed to have been approved if the Liquidity Provider does not lodge objections within fifteen (15) business days of notification of the amendment according to clause 2 (4) of the Liquidity Provider Agreement.
C. Adjustment of transaction fees
To accompany the introduction of the quarterly expiration in Single Stock Dividend Futures, Eurex will introduce differentiated transaction fees based on the remaining time to expiration of the contract traded. Transaction fees on shorter dated expirations of EUR- and CHF-denominated Single Stock Dividend Futures, i.e. with less than 13 months to expiration, are reduced by 50 percent.
For Single Stock Futures, the fee for delivery resulting from Futures (section 3.9 of the Price List of Eurex Clearing AG (Price List)) will be reduced from EUR 0.15 to EUR 0.10 and from CHF 0.23 to CHF 0.15, respectively, per contract. Furthermore, a maximum fee of EUR 450 (USD 690, CHF 690, GBP 360, respectively) for delivery resulting from Futures and cash settlement (section 3.4 of the Price List) will be introduced.
The described pricing measures will become effective as of 2 November 2020. Please see Eurex Clearing circular 081/20.
As of the effective date, the full version of the amended Price List will be available for download on the Eurex website www.eurex.com under the following link:
All Trading Participants of Eurex Deutschland
Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Eurex Clearing circular 081/20
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