22 Apr 2021

Eurex

ETF derivatives: Introduction of new ETF options

Eurex Circular 039/21 ETF derivatives: Introduction of new ETF options


1.  Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from 17 May 2021:

  • Introduction of five new ETF 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: 17 May 2021

To help Trading Participants to keep up with Eurex updates, we have made all support information available on the respective Eurex Support pages.

2.  Action required

There is no action required for participation.

3.  Details of the initiative

A.   Product overview

Please refer to attachment 1 for the product details.

B.    Contract specifications and product parameters

Please find an overview in table format in Attachment 1. 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

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:

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: 

Data > Clearing files > Risk parameters and initial margins

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

Services > Risk parameters

You will also find an updated list with details regarding Prisma-eligible Eurex products under this path. 

E.    Mistrade parameters and position limits

Please refer to Attachment 1 for the mistrade ranges.

Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the following link:

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 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: 

  1. Details regarding the product overview and Liquidity Provisioning
  2. Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  3. Product Specific Supplement for Options on ETFs


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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