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Dec 12, 2011

Eurex

Options: Adjustment of Default Parameters for Automatic Exercise

Exercise of open positions in any Eurex option takes place automatically on expiration day provided the single position is in the money by an amount equal to or greater than the individual Automatic Exercise Parameter, defined on single product level.
The following default exercise parameters will be adjusted by Eurex Clearing for all position accounts, effective December 13, 2011:

  1. For index options, all unmodified Automatic Exercise Parameters on single option level will be set to the currently valid exercise fee amount.
  2. For all other options, all unmodified Automatic Exercise Parameters on product group and on single product level will be set to 0.01 absolute.

The change will be applied to all default values of all Eurex Members, unless own Automatic Exercise Parameters have been defined by the Eurex Member. Automatic Exercise Parameters which already have been changed by the Eurex Member remain unchanged and are not affected by this update.

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.