The Management Board of Eurex Deutschland took the following decision with effect from 25 January 2021:
This circular contains all information on the introduction of the new products and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Production start: 25 January 2021
2. Action required
There is no action required for participation.
3. Details of the initiative
Please refer to Attachment 1 for the product details.
A. Contract specifications and product parameters
In general, contract specifications for the new equity options on US shares admitted to Xetra trading are in line with the existing contracts with the Eurex group ID DE11, also in terms of trading hours and trading calendar, last trading day, settlement and determination of the daily and final settlement prices.
For the detailed Contract Specifications, please see Attachment 2.
The quoting obligations for new equity options can be found in the attached Product Specific Supplement. As of start of trading, they will also be available on the Eurex website www.eurex.com under the link:
Please be advised that new quoting obligations will be set as of 1 February 2021, aligned with the introduction of new Liquidity Provision Framework.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website as of start of trading under:
B. Admission to the Eurex T7 Entry Services (TES)
The new products 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 in Attachment 2.
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:
C. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
and on the Eurex Clearing website www.eurex.com/ec-en/ under the following path:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
D. Excessive System Usage Fee and Order to Trade Ratio
The Excessive System Usage Fee and the Order to Trade Ratio for the new products are determined in line with the existing equity options (OSTK). For detailed information, please refer to the Eurex website under the following links:
E. Mistrade ranges and position limits
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the following links:
F. Transaction limits
The same values apply as for existing products with the relevant Eurex group ID. For details, please refer to the Eurex website under the link:
G. Transaction fees
The same transaction fees apply for the new products as for the corresponding existing products.
H. Vendor codes
At start of trading, vendor codes for the new products will be published on the Eurex website under the link:
I. Liquidity Provisioning
Please refer to Attachment 1 for the Liquidity Provisioning.
All Trading Participants of Eurex Deutschland
Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
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.
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.