18 Nov 2020

Eurex

Eurex Exchange Readiness Newsflash | Extension of trading hours for additional selected benchmark futures

Eurex Exchange Readiness Newsflash | Extension of trading hours for additional selected benchmark futures


Dear Eurex Participant,

With this Newsflash we would like to provide you detailed information regarding the extension of trading hours for additional selected benchmark futures as of 7 December 2020, as announced in Eurex circular 084/20.

1. Product scope

The following products are in scope for the extension of trading hours:

Equity Index Futures

  • FESB – EURO STOXX® Banks Futures 
  • FXXP – STOXX® Europe 600 Index Futures 
  • FVS – VSTOXX® Futures 

Fixed Income Futures

  • FOAT – French Euro-OAT Futures (10 year) 

2. If you are participating or plan to participate in the extended trading hours, please ensure the following conditions are met:

a.) Registration of new trading locations 

In case you plan to conduct your trading activity during the extended trading hours out of a trading location that has not been registered with Eurex, please approach your Key Account Manager. The registration of a new trading location includes the following steps:

  • On-boarding of new traders, including trader exam and system training
  • Set-up of additional sessions and user IDs including entitlement- and enrichment rules 
  • Set-up of Order Routing Systems

b.) Registration of Extended Hours Trading Contacts 

Trading Participants, who actively participate in trading during the extended hours, must ensure that a responsible person or contact number (“Emergency Contact”) is supplied. This is required via the Exchange Rules of Eurex Deutschland § 31 (6), which can be downloaded under the following path:

Rules & Regs > Eurex Rules & Regulations > Exchange rules

To update the existing Emergency Contact or add a new contact, please login to the Eurex Member Section and provide the contact details via the following path:

Contacts > Trading & Clearing Contacts > New entry > Extended Hours Trading  

3. If you are not participating or do not plan to participate in the extended trading hours, please ensure the following:

  • Trading Participants, who have open orders in the order book during the extended trading hours,  but do not actively participate in trading, must also ensure that a responsible person or contact number (“Emergency Contact”) is supplied. This is required via the Exchange Rules of Eurex Deutschland § 31 (6). (As above).  
  • In case you are conducting agency business, please consider aligning with your clients on whether their orders should stay in the order book or should be pulled from the order book during the extended trading hours.

All details about the extension of trading hours can be found on the dedicated website on www.eurex.com under the following link:

Trade > Trading hours > Trading Hours Extension

If you have any questions or comments, please do not hesitate to contact us at: client.services@eurex.com.

Kind regards

Your Client Services Team

 


Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target group(s): 

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

Contact:

client.services@eurex.com

Related circulars:

Eurex circulars: 023/18, 036/18, 052/18, 066/18, 075/18, 088/18, 084/20

Web:

Trade > Trading hours > Trading Hours Extension


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