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Eurex
UPDATE: The "Product Specific Supplement (PSS) Equity Index 01 - Futures on MSCI Indices” (Attachment 3) was unfortunately not based on the latest version. Please find attached the updated PSS in Attachment 3.
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 6 September 2021:
In addition, it was decided to no longer introduce additional expiries in 15 MSCI futures (mainly GTR versions and Frontier Market products). Expiries without any open interest in those products can be deactivated.
Production start of the new products: 6 September 2021
2. Required action
There is no action required for participation.
3. Details of the initiative
A. Product overview
Please refer to Attachment 1 for an overview of the new and the terminated products.
B. Contract specifications
Attachment 1 contains an overview in table format.
For the detailed Contract Specifications, please see Attachment 2.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website as of start of trading under:
Rules & Regs > Eurex Rules & Regulations > Contract Specifications
C. Trading hours
Please refer to Attachment 1 for the trading hours.
D. Trading calendar
Futures on MSCI Indices will be available for trading on every exchange trading day at Eurex Deutschland. As of start of trading, the trading days can be retrieved from the trading calendar on the Eurex website under the following link:
E. Product group
The product group for the new products is contained in Attachment 1.
F. Liquidity Provider Scheme
As of 1 October 2021, the new products will be added to the existing Liquidity Provider (LP) Schemes for MSCI Futures. Please refer to the “Product Specific Supplement „Equity Index 01 – Futures on MSCI Indices“ (Attachment 3) for the detailed incentives of the scheme, quote parameters and all further information.
G. Excessive System Usage Fee and Order to Trade Ratio
The Excessive System Usage Fee and the Order to Trade Ratio for the new products were determined in line with the existing equity index derivatives. For further information, please refer to the Eurex website under the following links:
Markets > Equity Index
or
Rules & Regs > Excessive System Usage Fee
or
Rules & Regs > Order to Trade Ratio
H. Mistrade parameters and vendor codes
Mistrade ranges and vendor codes for the new index futures will be published as of start of trading on the Eurex website under the link:
Markets > Equity Index > MSCI Indexes
I. Transaction fees and rebates
The transaction fees stated in Attachment 1 will apply for the new MSCI futures. For details, please refer to the Price List of Eurex Clearing AG available for download on the Eurex website under this link:
Rules & Regs > Eurex Rules & Regulations > Price List
J. Admission to the Eurex T7 Entry Services (TES)
An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilisation and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:
Trade > Eurex T7 Entry Services
The new MSCI derivatives will be admitted to the TES with the parameters listed in Attachment 1.
K. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website under the following link:
Under this link, an updated list is available with details regarding Prisma-eligible Eurex products.
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, IT/System Administration, Auditing/Security Coordination | |
Contact: | Rachna Mathur, Equity & Index Sales, tel. +1 212 309 93 08, rachna.mathur@eurex.com; | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
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