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Jul 25, 2014

Eurex

Precious metals derivatives: Temporary suspension of trading in silver derivatives

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided with immediate effect to suspend trading until further notice in the precious metals derivatives on silver with product codes FSFX and OSFX.

Orderly exchange trading in these precious metals derivatives appears to be temporarily at risk, since silver price fixing after 14 August 2014 will no longer be conducted by London Silver Market Fixing Limited and it is currently uncertain if or when a successor organisation will be available. Therefore, orderly price determination in the precious metals derivatives is endangered.

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG will decide, as appropriate, that trading in these precious metal derivatives can be resumed if a successor organisation will conduct again a silver price fixing in the future.

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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