Eurex
1. Introduction
The index provider MSCI has announced to exclude Russia from the MSCI Emerging Market index at a price of 0.00001 of the security price currency (RUB or USD) on the close of 9 March 2022.
As of that date, those prices will also be used for the calculation of the MSCI Russia indices, which will remain as standalone indices. This was the result of a market consultation done by MSCI during this week and according to the MSCI announcement an overwhelming majority of market participants confirmed that the Russian equity market is currently uninvestable. See also: https://www.msci.com/index-announcements
Based on this announcement and treatment of the mentioned indices by the index provider, the Management Board of Eurex Deutschland has decided today to terminate trading in two MSCI Russia futures (FMRU, FMRS), effective immediately, as orderly trading seems not to be ensured anymore. Open positions on 3 March 2022 will be cash settled at a price of 0.001.
2. Required action
Trading participants are encouraged to take notice of the announced termination and settlement details.
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 | |
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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