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Jul 09, 2009

Eurex

TecDAX® Futures: Reduction of Tick Size

The Management Boards of the Eurex Exchanges decided to reduce the smallest possible price change (tick size) for futures contracts on the TecDAX® (TecDAX® Futures) effective July 27, 2009 from one index point to 0.5 index points. Consequently, as of this date, the tick value in TecDAX® Futures will be EUR 5.00.

The conversion will take place after close of trading (22:00 CET) on July 24, 2009.
Please note that on that evening all orders for the TecDAX® Future that exist in the system will be deleted and, if required, have to be re-entered on the morning of July 27, 2009.
In the Eurex simulation environment, the new product parameters will be available as of Wednesday, July 15, 2009.
The tick size of the corresponding options will remain unchanged at 0.1 index points.

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.