Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 12 April 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.
Simulation start: 6 August 2021
Production start: 27 September 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 Single Stock Futures and equity options products are in line with the existing contracts with the relevant Eurex group ID, 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 www.eurex.com as of start of trading under:
Rules & Regs > Eurex Rules and Regulations > Contract Specifications
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:
Data > Trading files > T7 Entry Service parameters
C. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
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 products (FSTK and OSTK). For detailed information, please refer to the Eurex website under the following links:
Markets > Equity > Equity Options and
Markets > Equity > Single Stock Futures
Rules & Regs > Excessive System Usage Fee
Rules & Regs > Order to Trade Ratio
E. 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:
Markets > Equity > Equity Options and
Markets > Equity > Single Stock Futures
Markets > Product Overview > Contract Specs
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:
Rules & Regs > Excessive System Usage Fee
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:
Markets > Product Overview > Vendor Codes
I. Liquidity Provisioning
Please refer to Attachment 1 for the Liquidity Provisioning.
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland | |
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 |
Market Status ⓘ
XEUR
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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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