Find
14 Mar 2022

Eurex

Eurex Exchange Readiness Newsflash | Introduction of Daily Futures on KOSPI 200 Weekly Options – prerequisites for trading and simulation

Eurex Exchange Readiness Newsflash | Introduction of Daily Futures on KOSPI 200 Weekly Options – prerequisites for trading and simulation

Dear Eurex Participant,

With this Newsflash, Eurex would like to provide more detailed information regarding the requirements for trading of the new Daily Futures on KOSPI 200 Weekly Options (OKW1, OKW3, OKW4, OKW5) to be introduced on the Eurex/KRX Link, as announced in Eurex circular 006/22 and in Eurex Clearing circular 001/22.

The effective launch date for these new products is 28 March 2022. The simulation environment has been available since 25 February 2022.

Learn now more about Daily Futures on KOSPI 200 Weekly Options on our dedicated initiative page on the Eurex website www.eurex.com under the following link:

Support > Initiatives & Releases > Product Readiness > Eurex Weekly KOSPI Options Support.

System documentation, circulars, timeline and much more information is available there for you.

1.  Product scope

The following product in scope on the Eurex/KRX Link is:

  • Daily Futures on KOSPI 200 Weekly Options (OKW1, OKW3, OKW4 and OKW5)

The new product will follow the same trading mechanism and requirements as the existing Eurex KOSPI products.

Further below listed products are already available on the Eurex/KRX Link: 

  • Daily Futures on KOSPI 200 Options (OKS2)
  • Daily Futures on mini-KOSPI 200 Futures (FMK2)
  • Daily Futures on KOSPI 200 Futures (FBK2)
  • Daily USD/KRW Futures Contracts on US Dollar Futures of the Korea Exchange (FCUW)

2. Required action

A. If you already participate in trading of Eurex KOSPI products, please note the following:

  • The Eurex Daily Futures on KOSPI 200 Weekly Options will be assigned to the same capacity (i.e. Cash KRW) and will automatically be available for trading for all participating Members. No additional form is required.
  • Trading Participants are recommended to align with their respective Clearing Members for any risk limit setup, if necessary.
  • Trading Participants can assign the product and set up transaction size limits for traders using the User maintenance functions of the Eurex Admin GUI. For further details regarding product assignment, please refer to the documentation “T7 Derivatives Markets Trader, Admin and Clearer GUI Manual” on the dedicated initiative page under: Support > Initiatives & Releases > T7 Release 10.0 > System Documentation
  • All technical requirements are the same as for the existing Eurex KOSPI Products.

B. If you would like to participate in trading of the Eurex KOSPI products, please note the following:

  • Trading Participants and their respective Clearing Members need to jointly sign and submit the application form “Application for Participation for the Trading of Eurex Daily Futures Contracts on KOSPI 200 Derivatives of the Korea Exchange”. Please request the form through your Key Account Manager. 
  • Please also refer to the "Eurex/KRX Link Member Readiness Guide" for more details or get in touch with your Key Account Manager.

3. Simulation

All Trading Members and ISVs are encouraged to participate in simulation to prepare for the launch of the new product. 

All details about the Eurex KOSPI products can be found on the dedicated Eurex website under the link:

Markets > Equity Index > Eurex KOSPI Products

On this website, also the "Eurex/KRX Link Member Readiness Guide" is available.

If you have questions or require further information, please contact us via e-mail: client.services@eurex.com.

Kind regards
Your Client Services Team
 

Visit the Next Generation ETD Contracts webpage for all your Trading and Clearing content!
 

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration

Related circular:

Eurex circular 006/22

Contact:

client.services@eurex.com

Web:

Support > Initiatives & Releases > Product Readiness > Eurex Weekly KOSPI Options Support


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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.