Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from
10 February 2020:
Production start: 10 February 2020
2. Required action
All Trading Participants of Eurex Deutschland and vendors are affected by this change (set-up of new standard index products).
3. Details of the initiative
3.1 Product overview
For the product overview, please refer to Attachment 1.
3.2 Contract specifications
An overview in tables is provided in Attachment 1.
For the detailed Contract Specifications, please see Attachment 2.
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 the following link:
Resources > Rules and Regulations > Contract specifications
3.3 Trading hours
For the trading hours, please refer to Attachment 1.
3.4 Trading calendar
Futures on STOXX® indices are available on each trading day at Eurex Deutschland. The exact trading days can be found from the start of trading in the trading calendar published on the Eurex website under the link:
3.5 Product group
The product group for the new product can be found in Attachment 1.
3.6 Liquidity Provider scheme
As of 10 February 2020, the new STOXX®-ESG Future will be included in the existing Liquidity Provider (LP) scheme "Product Specific Supplement 41 for Futures on STOXX® ESG-X, Low Carbon and Climate Impact".
The quotation parameters as in Attachment 1 will apply. All other information can be found in the attached PSS document.
3.7 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 Equity Index Derivatives (FINX). For detailed information, please refer to the Eurex website under the following links:
Products > Equity index derivatives
Technology > Excessive System Usage Fee
Technology > Order to Trade Ratio
3.8 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:
Products > Equity index derivatives > STOXX® indexes
3.9 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
3.10 Transaction fees and rebates
Details can be found in the current Price List of Eurex Clearing AG, which is available for download on the Eurex website under the following link:
Resources > Rules and Regulations > Price list
3.11 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 following link:
Trading > Market models > Eurex T7 Entry Services > T7 Entry Service parameters
The new Futures on STOXX® USA 500 ESG-X will be admitted to the Eurex T7 Entry Services (TES) with the parameters in Attachment 1.
3.12 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 www.eurexclearing.com 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:
Further information
| Recipients: | All Trading Participants of Eurex Deutschland and Vendors |
| Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration |
| Contact: | Product R&D Equity and Index, Christine Heyde, T +49-69-211-1 56 98, christine.heyde@eurexchange.com |
| Web: | www.eurexchange.com |
| Related Circular: | Eurex Clearing circular 005/20 |
| Authorised 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.
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.
