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Eurex
1. Introduction
With effect from 22 June 2020, tradability of MSCI Mexico Index Futures (Eurex product code: FMMX) and MSCI South Africa Index Futures (Eurex product code: FMZA) will be withdrawn for U.S. Eurex Participants and U.S. investors. Background of this measure is that both indices will transition from a non-narrow-based security index to a narrow-based security index.
2. Required action
U.S. Participants are asked to close all positions in those products before 22 June 2020. Eurex Participants who hold agent transactions or positions from U.S. investors should be aware that they too will be affected by the withdrawal of availability for trading. We expressly ask these Eurex Participants to close out also the aforementioned positions by 22 June 2020 as well.
3. Details of the initiative
Eurex Exchange has determined that the MSCI Mexico Index will transition from a non-narrow-based security index to a narrow-based security index at the end of July 2020 and the MSCI South Africa Index at the end of August 2020. Eurex Exchange is advising both the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission of this change in circumstance.
Accordingly, the CFTC will be withdrawing its certification of the contract at the end of July 2020 (MSCI Mexico) and end of August (MSCI South Africa). After such withdrawal of CFTC certification, both index futures contracts will be considered security futures contracts and must therefore be traded in accordance with both the U.S. securities and commodity futures laws.
Eurex Exchange notes that, in order to ensure compliance, its 22 June 2020 withdrawal of tradability for U.S. Eurex Participants and U.S. investors is in advance of the official date of the transition of the indices to a security futures contract.
The respective new assignment group for both products is:
The new capacity group is
Please note that as a consequence of the assignment to the new product group, the Multicast addresses for data distribution will remain unchanged. Port numbers, however, will change as follows:
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: | Rachna Mathur, Equity & Index Sales, T +1-212-3 09 93 08, rachna.mathur@eurexchange.com; | |
Web: | www.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.
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.
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