06 Oct 2020

Eurex Exchange

Equity index derivatives: Introduction of futures and options on the EURO STOXX® 50 ESG and DAX® 50 ESG indexes

Eurex Circular 076/20 Equity index derivatives: Introduction of futures and options on the EURO STOXX® 50 ESG and DAX® 50 ESG indexes


1.  Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from
9 November 2020:

  • Introduction of futures and options on the EURO STOXX® 50 ESG and the DAX® 50 ESG indexes
  • Inclusion of the new products in the existing Liquidity Provider schemes (as of 1 December 2020)

Production start of the new products: 9 November 2020

2.  Required action

There is no required action for participation.

3.  Details of the initiative

A. Product overview

For the product overview, please refer to Attachment 1. 

B. Contract specifications

Please find an overview in table format in Attachment 1. 

For the detailed Contract Specifications, please see Attachment 2.

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:

Rules & Regs > Eurex Rules & Regulations > Contract specifications

C. Trading hours

For the trading hours, please refer to Attachment 1. 

D. Trading calendar

Futures and options on STOXX® ESG and DAX® ESG indexes are available on each trading day at Eurex Deutschland. The exact trading days can be found in the trading calendar from the start of trading, published on the Eurex website under the link:

Trade > Trading calendar

E. Product group

The product group for the new products can be found in Attachment 1.

F. Liquidity Provider schemes

Effective 1 December 2020, the new futures and options on the EURO STOXX® 50 ESG and the DAX® 50 ESG will be included in the existing Liquidity Provider (LP) schemes “Product Specific Supplement 41 for Futures on STOXX® and DAX® 50 ESG Indices” and “Product Specific Supplement 47 for Options on STOXX® and DAX® 50 ESG Indices”, respectively. 

Quoting parameters and all further information can be found in the attached PSS documents (Attachments 3 and 4).

G. Excessive System Usage Fee and Order to Trade Ratio

The Excessive System Usage Fee and the Order to Trade Ratio were determined in line with the existing Equity Index Derivatives. For further information, please refer to the Eurex website under the following links:  

Markets > Equity Index or

Rules & Regs > Excessive System Usage Fee or

Rules & Regs > Order to Trade Ratio 

H. Mistrade parameters

Mistrade ranges for the new index futures and options will be available for download on the Eurex website as of start of trading under the following links: 

Markets > Equity Index > STOXX® Indexes or DAX®

I. Data vendor codes

At start of trading, vendor codes for the new products will be published on the Eurex website under the link:

Markets > Equity Index > STOXX® Indexes or DAX®

J. Transaction fees and rebates

For the new futures and options on the EURO STOXX® 50 ESG index, the existing fees for STOXX® ESG products will apply. For the new futures and options on the DAX® ESG index, the transaction fees listed in Attachment 1 will apply. For details, please refer to the current Price List of Eurex Clearing AG, available on the Eurex website under the following link:

Rules & Regs > Eurex Rules & Regulations > Price List

K. Admission to the Eurex T7 Entry Services (TES)

An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilisation and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the following link:

Trade > Eurex T7 Entry Services > Eurex T7 Entry Service parameters

The new futures and options on the EURO STOXX® 50 ESG index and on the DAX® 50 ESG index will be admitted to the TES with the parameters stated in Attachment 1.

L. Risk parameters

As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:

Data > Clearing files > Risk parameters and initial margins

and on the Eurex Clearing website www.eurexclearing.com under the link:

Services > Risk parameters

There, you will also find an up-to-date list with details for all Prisma-eligible Eurex products.

Attachments:

  • 1 – Details regarding product overview, contract specifications, trading hours, product group, Eurex T7 Entry Services, transaction fees
  • 2 – Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  • 3 – Product Specific Supplement (PSS) to the Liquidity Provider Scheme for Futures on EURO STOXX and STOXX Europe 600 Indices
  • 4 – Product Specific Supplement (PSS) to the Liquidity Provider Scheme for Options on EURO STOXX and STOXX Europe 600 Indices


Further information

Recipients:

All Trading Participants of Eurex Deutschland

Target groups:

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

Contact:

Product R&D Equity and Index, Christine Heyde, tel. +49-69-211-1 56 98, christine.heyde@eurex.com

Related circular:

Eurex Clearing circular 079/20

Web:

www.eurex.com

Authorised by:

Randolf Roth


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