A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 29 July 2019:
This circular contains all information on the introduction of the new products, the Product Specific Supplement related to the Liquidity Provider scheme and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Production start: 29 July 2019
2. Required actions
There is no action required for participation.
3. Details about the new products
Please refer to Attachment 1 for the details.
4. Contract specifications
Please refer to Attachment 1 for the contract specifications.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurexchange.com as of start of trading under:
Resources > Rules and Regulations > Contract specifications
5. Trading hours
Please refer to Attachment 1 for the trading hours.
6. Product group
Please refer to Attachment 1 for the product group.
7. Liquidity Provider scheme
Effective 1 August 2019, the new products will be available in a new Liquidity Provider Programme “Equity Index 45 – Futures on EURO STOXX and STOXX Europe 600 Automobile & Parts Dividend”. Detailed quote obligations and benefits are available in the Product Specific Supplement to the Eurex Liquidity Provider Programme in Attachment 2.
8. Excessive System Usage Fee and Order to Trade Ratio
The Excessive System Usage Fee and the Order to Trade Ratio are determined in line with the existing Index Dividend Futures (FINX). For detailed information, please refer to the Eurex website under the following links:
Products > Dividend derivatives > Equity Index Dividend Derivatives
or
Technology > Excessive System Usage Fee
or
Technology > Order to Trade Ratio
9. Mistrade parameters
Mistrade ranges for the new index futures will be available for download on the Eurex website as of start of trading under the following link:
10. Data vendor codes
At start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Products > Vendor product codes
11. Admission to the Eurex T7 Entry Services (TES):
The new Index Dividend Futures will be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications.
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:
Trading > Market models > Eurex T7 Entry Services > T7 Entry Service parameters
12. Transaction fees
As of start of trading of the new product, the fee rebates outlined in Attachment 1 apply for trading, clearing and settlement.
You can find the minimum block trade sizes on product level in the Contract Specifications (Attachment 3).
For further details, please refer to the current Price List of Eurex Clearing AG on the Eurex website under the following link:
Resources > Rules and Regulations > Price list
13. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Market data > Clearing data > Risk parameters and initial margins
and on the Eurex Clearing website under the link:
Risk management > Risk parameters
There, you will also find an up-to-date list with details for all Prisma-eligible Eurex products.
Attachments:
| Recipients: | All Trading Participants of Eurex Deutschland and Vendors |
| Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
| Contact: | Derivatives Trading Operations, eurextrading@eurexchange.com, T +49-69-211-1 12 10 |
| Authorized by: | Michael Peters |
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.
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