Eurex
1. Introduction
The Management Board of Eurex Deutschland has decided today to terminate trading in RDX® USD Index Derivatives (FRDX, ORDX), effective 3 March 2022 at the close of trading 17:30 CET (22:00 CET for FRDX) as orderly trading seems not to be ensured anymore.
Open positions on 3 March 2022 will be cash settled using the Fair value method based on index close that will be provided by Wiener Börse to Eurex or the last available index price before that if the index closing price cannot be provided on 3 March 2022.
Eurex Deutschland reserves the right to immediately take any further appropriate measures, if such become necessary due to measures of the index provider for the above-mentioned derivatives or the overall development with regards to the war in Ukraine.
Please find below the settlement details.
2. Required action
Trading Participants are encouraged to take notice of the announced termination and settlement details. Additionally, Eurex Default Management will be available to assist and support with any queries in relation to position transfer or closing in above-mentioned contracts (FRDX, ORDX).
E-Mail: DMP_Inbox@deutsche-boerse.com
Tel.: Eurex Trading, +49-69-211-1 12 10
3. Details
Procedure for Fair Value Settlement of Eurex derivatives
The above mentioned Index Futures and Index Options Contracts will be settled according to the Fair value method. The following parameters will be defined for calculation according to the Fair value method:
The exact adjustment details, including interest rate, applicable dividends and implied volatilities of option series with open positions will be published in a separate circular.
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, DMP_Inbox@deutsche-boerse.com | |
Web: | www.eurex.com | |
Authorized by: | Michael Peters |
Market Status ⓘ
XEUR
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.
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.
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.
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