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Jul 24, 2023

Eurex

Fixed Income derivatives: Tradability of Euro High Yield Index Futures for Participants in the U.S.

Eurex Circular 054/23 Fixed Income derivatives: Tradability of Euro High Yield Index Futures for Participants in the U.S.

1.   Introduction

With effect from 31 July 2023, Futures on the Bloomberg Liquidity Screened Euro High Yield Index (FEHY) will be activated for tradability in the U.S.

Production start: 31 July 2023

2.   Required action

There is no action required for participation.

3.   Details

Eurex Deutschland has submitted an application for certification to the Commodity Futures Trading Commission (CFTC) to offer trading of Futures on the Bloomberg Liquidity Screened Euro High Yield Index (FEHY) in the U.S.

The CFTC has certified these contracts so that they can be made available for trading in the U.S.

Product Name

Product ID

Currency

Previous Capacity Group

New Capacity Group

Bloomberg Liquidity Screened Euro High Yield Bond Index futures

FEHY

EUR

Cash EUR

Cash EUR - CFTC

The multicast (IP) addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:

  • Snapshot messages: Change from 59032 to 59000 
  • Incremental messages: Change from 59032 to 59000 

The corresponding new "capacity group" for the EUR-denominated products is "Cash EUR - CFTC" (previously: "Cash EUR").

According to Eurex Deutschland's registration as a Foreign Board of Trade, the above-mentioned products can be offered or sold to persons in the U.S. via Eurex terminals with direct access in the U.S.


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:

davide.masi@eurex.com, vassily.pascalis@eurex.com, client.services@eurex.com

Web:

www.eurex.com 

Authorized by:

Randolf Roth


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