Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from
2 March 2020:
| - MSCI World ESG Screened Index | ||
| - MSCI USA ESG Screened Index | ||
| - MSCI EM ESG Screened Index | ||
| - MSCI EAFE ESG Screened Index | ||
| - MSCI Japan ESG Screened Index |
Production start: 2 March 2020
2. Required action
There is no required action for participation.
3. Details of the initiative
A. Product overview
For the product overview, please refer to Attachment 1.
B. Contract specifications
Please find an overview in table format in Attachment 1.
For the detailed Contract Specifications, please see Attachment 2.
C. Trading hours
For the trading hours, please refer to Attachment 1.
D. Trading calendar
Futures on MSCI 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:
E. Product group
The product group for the new products can be found in Attachment 1.
F. Liquidity Provider Scheme
Effective 2 March 2020, a Liquidity Provider (LP) Scheme for the new MSCI ESG Screened Futures, "Product Specific Supplement 51 for Futures on MSCI ESG Indices”, will be introduced.
The quotation parameters as per Attachment 1 will apply. All further information can be found in the attached PSS document (Attachment 3).
G. 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 further 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
H. 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 > MSCI Indexes
I. 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
J. 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
K. 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 the MSCI ESG Screened indices will be admitted to the TES with the parameters stated in Attachment 1.
L. 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 following path:
Risk management > Risk parameters
There, you will also find an updated list with details regarding 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, Auditing/Security Coordination |
| Contact: | Product R&D Equity and Index, Christine Heyde, T +49-69-211-1 56 98, christine.heyde@eurexchange.com |
| 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.
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