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Nov 29, 2016

Eurex

Precious metals derivatives: Discontinuation of trading based on the London gold and silver market fixing

Effective 3 April 2017, the Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG took the following decisions:

1. Discontinuation of trading of precious metals futures contracts and precious metals options contracts based on the London gold market fixing (product code: FGFX/OGFX)

2. Discontinuation of trading of precious metals futures contracts and precious metals options contracts based on the London silver market fixing (product code: FSFX/OSFX).

With immediate effect, no further maturities will be introduced for futures contracts. Trading of already existing maturities without open interest will be discontinued and put on “inactive“.

Existing options series without open interest will be removed from the Eurex Exchange system. If a product has no open interest, the product will completely be put on “HALT” and be deleted from the Eurex Exchange system during the month of April in 2017 (the silver contracts are already put on “HALT”.) A separate announcement regarding the system deletion is not planned.

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.

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