Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from
9 November 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:
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:
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:
There, you will also find an up-to-date list with details for all Prisma-eligible Eurex products.
Attachments:
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 |
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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