Find
Nov 04, 2016

Eurex

Market-Making: Option on SNAM-Italgas Basket to be included in the Permanent Market-Making scheme

Resulting from the spin-off of Italgas Holding from SNAM S.p.A effective on 7 November 2016, Eurex will include the option on the SNAM-Italgas Basket (SMNB) in the Permanent Market-Making scheme as of
7 November 2016.

The following quotation parameters will apply:

Product

Product ID

Spread Class

Minimum Quote Size (Contracts) AMM or PMM

Number of expirations
to be quoted for PMM/AMM;

the first

AMM
Package ID

SNAM-Italgas Basket

SMNB

1

10

6

 

According to Eurex Corporate Action Information from 3 November 2016, a new SNAM option with standard contract size 1000 will be set up in Eurex Exchange’s T7 after the spin-off has taken place. The new option will be included in the Permanent Market-Making package with unchanged quote parameters effective the date of the introduction. Effective the first trading day of the following month, the option will be included in the Italian Advanced Market-Making package with the same quote parameters.

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.