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15 Jun 2021

Eurex

Equity index derivatives: Tradability of STOXX® Industry Neutral Ax Factor Index Futures for Participants in the U.S.

Eurex Circular 052/21 Equity index derivatives: Tradability of STOXX® Industry Neutral Ax Factor Index Futures for Participants in the U.S.

1.   Introduction

With effect from 21 June 2021, the following additional products will be activated for tradability in the U.S.:

  • STOXX® Europe 600 Industry Neutral Ax Low Risk (EUR, Net Return) (FAXL)
  • STOXX® Europe 600 Industry Neutral Ax Multi-Factor (EUR, Net Return) (FAXA)
  • STOXX® Europe 600 Industry Neutral Ax Momentum (EUR, Net Return) (FAXM)
  • STOXX® Europe 600 Industry Neutral Ax Quality (EUR, Net Return) (FAXQ)
  • STOXX® Europe 600 Industry Neutral Ax Size (EUR, Net Return) (FAXS)
  • STOXX® Europe 600 Industry Neutral Ax Value (EUR, Net Return) (FAXV)
  • STOXX® USA 500 Industry Neutral Ax Low Risk (USD, Net Return) (FUAL)
  • STOXX® USA 500 Industry Neutral Ax Multi-Factor (USD, Net Return) (FUAA)
  • STOXX® USA 500 Industry Neutral Ax Momentum (USD, Net Return) (FUAM)
  • STOXX® USA 500 Industry Neutral Ax Quality (USD, Net Return) (FUAQ)
  • STOXX® USA 500 Industry Neutral Ax Size (USD, Net Return) (FUAS)
  • STOXX® USA 500 Industry Neutral Ax Value (USD, Net Return) (FUAV)


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2.   Required action

There is no action required for participation in trading in these products.

3.   Details

Eurex Deutschland has submitted an application for certification to the “Division of Market Oversight” of the “Commodity Futures Trading Commission” (CFTC) to offer trading of STOXX® Industry Neutral Ax Factor Index Futures in the U.S. The CFTC has certified these contracts so that they can be made available for trading in the U.S.

According to Eurex Deutschland's registration as "Foreign Board of Trade", STOXX® Industry Neutral Ax Factor Index Futures can be offered or sold to persons in the U.S. via Eurex terminals with direct access in the U.S.

A. New Capacity Group

The corresponding new Capacity Group for the products is: "CASH/PHYSICAL EUR – CFTC" (previously: Cash/Physical EUR”) or „Cash USD CFTC“ (previously: “Cash USD“), respectively.

B. Vendor codes  

Please find below a table with the vendor codes from Bloomberg and Refinitiv for all STOXX® Industry Neutral Ax Factor Index Futures:


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:

Product R&D Equity and Index, Christine Heyde, tel. +49-69-211-1 56 98, christine.heyde@eurex.com; Equity & Index Sales, Rachna Mathur, tel. +1-212-3 09 93 08, rachna.mathur@eurex.com

Web:

www.eurex.com

Authorized by:

Randolf Roth


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