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Jul 07, 2015

Eurex

Introduction of GMEX IRS Constant Maturity Futures

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to introduce futures contracts on the Global Derivatives Indices Limited Interest Rate Swap Constant Maturity Index effective 7 August 2015. The contracts will be denominated in euro and the index has various tenors ranging from two to 30 years inclusive. The futures contracts will be offered under the name of “GMEX IRS Constant Maturity Futures”.

This circular contains information on the following topics:

Introduction date, product codes, product group, contract specifications, trading hours, risk parameters, and preparations necessary for start of trading.

Information related to Clearing of the new products, utilization of the Eurex Trade Entry Services and transaction fees as well as the amended sections of the relevant Rules and Regulations of Eurex Clearing AG will be enclosed in the related Eurex Clearing circular which will also be provided to the Eurex Trading Participants shortly.

Market Status

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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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