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Dec 05, 2017

Eurex

MiFID II/MiFIR: Commodity derivatives position reporting and migration to new product group

Under the revised Markets in Financial Instruments Directive (MiFID II) and the accompanying Markets in Financial Instruments Regulation (MiFIR), which will come into effect on 3 January 2018, several ETDs tradable at Eurex Deutschland and Eurex Zürich AG (collectively: the Eurex Exchanges) will be subject to position limits and position reporting obligations for commodity derivatives.

The Eurex Exchanges will therefore adopt in the Exchange Rules that daily position reports have to be submitted to Deutsche Börse Regulatory Reporting Hub (RRH) by all Exchange Participants with open positions, both proprietary and held for clients, in relevant contracts.

Products that fall under these regulations will be migrated to a new product assignment group. Only Exchange Participants with an established connectivity to the RRH position reporting functionality for Eurex ETDs can be assigned to the new product group from 3 January 2018 onwards.

Exchange Participants interested in trading these products from January 2018 onwards are advised to contact their Group Client Key Account Managers Trading immediately to ensure readiness.

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG recommend all other Exchange Participants to close open positions before 2 January 2018 at 12:00 CET.

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