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Mar 31, 2020

Eurex

Equity index options: Extension of non-disclosure limits to index options on DAX®, Euro STOXX® Banks and SMI®

Eurex Circular 023/20

1. Introduction

The Management Board of Eurex Deutschland decided with effect from 4 May 2020 to extend non-disclosure limits to index options on DAX®, Euro STOXX® Banks and SMI®.

2. Required action

There is no action required.

3. Details

A. Non-disclosure limits

Non-disclosure is an existing, optional service for EnLight and TES Block Trade transactions with very high transaction volumes. This service is already offered for index options on the Euro STOXX® 50 or Single Stock Futures, among others.

Non-disclosure is an optional feature for transactions above a certain volume threshold. Where this threshold is reached or exceeded, the entering trader of bilateral TES or EnLight trades can select intraday publication or non-disclosure by Eurex Exchange’s T7 for these trades. The default setting for transactions above a certain volume threshold is set to non-disclosure in T7.

Effective 4 May 2020, the following non-disclosure limits will apply:

Product Non-disclosure limit
ODAX 5,000 contracts
OESB 50,000 contracts
OSMI 2,500 contracts

As of the effective date, Eurex Clearing will introduce transaction fees for individual non-disclosed TES or Eurex EnLight trades in the above-mentioned index options (see Eurex Clearing circular 028/20 and the attachment).

In this context, the following provision of the Price List of Eurex Clearing AG will be deleted as outlined in the attachment:

  • Number 3.1

Attachment:

  • Updated sections of the Price List of Eurex Clearing AG (valid as of 4 May 2020)


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, Tobias Ehinger, tel. +49-69-211-1 23 13, tobias.ehinger@eurexchange.com
Web:www.eurexchange.com
Authorised by:Michael Peters


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