A member of
Eurex
The following exercise parameters will be changed in the Eurex® system, effective from February 4, 2008:
a) The standard parameter for „in-the-money“-value will be changed from 99,999.99 (manual exercise) to 99.99 (absolute, automatic exercise). This will also affect all new products.
b) The maximum value will be changed to 99.99 (absolute) or 9.99% (in percentage). Thus, the current maximum value of 99,999.99 (manual exercises) will be invalid and will not be accepted anymore.
c) Members are therefore only allowed to use the values between 0.01 and 99.99 i.e. 9.99% in the future.
All options and all positions for all accounts will be changed as follows (also effective from February 4, 2008):
1. All unmodified parameters will be changed to the maximum absolute value of 99.99.
2. No changes will be made if the parameters have already been modified and lie between the value of 0.01 and the maximum (99.99 or 9.99%).
3. However, if the parameters have been modified but to a value exceeding the maximum value, they will be changed accordingly to the maximum value of 99.99 or 9.99%.
Naturally, Members can set their own parameters between 0.01 and the maximum value (99.99 or 9.99%) in the “Automatic Exercise Parameter Maintenance” window, as before.
These changes are necessary to ensure that positions, that are at least “in-the-money” in relation to the maximum value of 99.99, are exercised in order to minimize losses.
Members who still do not want to exercise their positions can use the “abandon” function in the “Exercise Overview” window (“Abandon” tab).
We therefore strongly recommend our participants to check and modify (if necessary) their parameters in the ”Automatic Exercise Parameter Maintenance” window.
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.