01 Mar 2021

Eurex

Equity Index Derivatives: Introduction of FTSE 100 Index Total Return Futures, FTSE 100 Declared Dividend Index Futures, FTSE 100 Index Futures and Options

Eurex Circular 020/21 Equity Index Derivatives: Introduction of FTSE 100 Index Total Return Futures, FTSE 100 Declared Dividend Index Futures, FTSE 100 Index Futures and Options


1.  Introduction

The Management Board of Eurex Deutschland took the following decision with effect from 29 March 2021:

  • Introduction of FTSE® 100 Index Total Return Futures
  • Introduction of FTSE® 100 Declared Dividend Index Futures
  • Introduction of FTSE® 100 Index Futures
  • Introduction of FTSE® 100 Index Options

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:  29 March 2021
Simulation start:     3 March 2021

2.  Required action

There is no action required for participation.

3.  Details

A. Product overview

Please refer to Attachment 1 for the product details.

B. Contract specifications and product parameters

In general, contract specifications for the new products are in line with the existing  products, 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 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:

Trade > Rules & Regs > Eurex Rules and Regulations > Contract Specifications

C. 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:

Trade > Data > Trading files > T7 Entry Service parameters

D. Risk parameters

As of start of trading, risk parameters of the new products will be published on the Eurex website under the link: 

Trade > Data > Clearing files > Risk parameters and initial margins

and on the Eurex Clearing website www.eurex.com/ec-en/ under the following path:

Clear > Services > Risk parameters

Under this link, an updated list is available with details regarding Prisma-eligible Eurex products.

E. 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 products. For detailed information, please refer to the Eurex website under the following links:  

Trade > Markets > Equity > Equity Index
Trade > Rules & Regs > Excessive System Usage Fee
Trade > Rules & Regs > Order to Trade Ratio

F. Mistrade parameters 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:

Trade > Markets > Equity > Equity Index
Trade > Markets > Dividends > Equity Index Dividend Futures
Trade > Markets > Product Overview

G. Transaction limits

The same values apply as for existing products. For details, please refer to the Eurex website under the link:

Trade > Rules & Regs > Excessive System Usage Fee

H. Transaction and/or maintenance fees

The transaction and/or maintenance fees listed in Attachment 1 will apply. For details, please refer to the current Price List of Eurex Clearing AG, available on the Eurex website under the following link:

Trade > Rules & Regs > Eurex Rules & Regulations > Price List

I. Vendor codes

At start of trading, vendor codes for the new products will be published on the Eurex website under the link:

Trade > Markets > Product Overview > Vendor Codes

Attachments: 

  • 1 – Product overview
  • 2 – Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland


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:

client.services@eurex.com

Web:

www.eurex.com

Authorised by:

Randolf Roth


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