1. Introduction
With effect from 16 May 2022, tradability of the following products will be withdrawn for U.S. Eurex Participants:
Product name | | Product ID | | Currency | | Previous Capacity Group | | New Capacity Group |
Eurex Daily Futures on KOSPI 200 Futures | | FBK2 | | KRW | | Cash KRW-CFTC | | Cash KRW |
Eurex Daily Futures on Mini-KOSPI 200 Futures | | FMK2 | | KRW | | Cash KRW-CFTC | | Cash KRW |
2. Required action
U.S. Participants are required to close all open positions in these products before 16 May 2022. Eurex Participants who hold agent transactions or positions from U.S. investors should be aware that they too will be affected by the withdrawal of availability for trading.
3. Details
The KOSPI 200 Index will transition from a non-narrow-based security index to a narrow-based security index effective 18 May 2022. Accordingly, the CFTC will be withdrawing its certification for the contracts.
After such withdrawal of CFTC certification, Eurex Daily Futures on KOSPI 200 and Eurex Daily Futures on Mini-KOSPI 200 Futures contracts must therefore be traded in accordance with both the U.S. securities and commodity futures laws.
Eurex Exchange notes that, in order to ensure compliance, its 16 May 2022 withdrawal of tradability for U.S. Eurex Participants is in advance of the official date of the KOSPI 200 Index's transition to a narrow-based security index.
The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:
- Snapshot messages: Change from 59000 to 59032
- Incremental messages: Change from 59001 to 59033
The corresponding new "capacity group" for the products is "Cash KRW" (previously: "Cash KRW-CFTC").
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 or Rachna Mathur, rachna.mathur@eurex.com, Equity and Index Sales America, tel. +1 212 309 93 08 |
Web: | | www.eurex.com |
Authorized by: | | Randolf Roth |