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Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from Monday, 6 November 2023:
This circular contains all information on the introduction of the new products and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
Production start: 6 November 2023
2. Required action
Participants interested to trade ETRF/BTRF will need to fill in and submit the “Application Form for Participation in Trading/Clearing of Basket Trades Functionality” for the assignment of the ETRF product capacity and entitlement to Basket Trades functionality. The form will be sent to the participants via their Key Account Managers.
No further registration is required for the participants already active in trading ETRF/BTRF. However, it is recommended that the participants completely analyze the potential impact of the above changes.
3. Details of the initiative
A. Product overview
Please refer to Attachment 2 for the list of the new UK ETRF products.
B. Contract specifications and product parameters
Please refer to Attachment 3 for the amendments to the Contract Specifications for ETRF/BTRF and to Attachment 4 for the Annex G to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland.
The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
C. Admission to the Eurex T7 Entry Services (TES)
The new products will be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications (Attachment 3).
An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilization and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
D. Transaction Size Limits (TSL) Product Group
The new products will be included in the following TSL Product Group – “ETRFGB”.
E. C7 Capacity and Product Group
Please find the respective table in Attachment 1.
F. Fees for the UK ETRF products denominated in GBX (Great British pence)
The transaction fees, cash settlement fees and maintenance fees as shown in Attachment 1 shall apply to the new UK ETRF products.
The full version of the updated Price List of Eurex Clearing AG will be published on the Eurex Clearing website www.eurex.com/ec-en/ under the link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
G. Vendor codes
As of start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
H. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website www.eurex.com/ec-en/ under the following path:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
I. Mistrade parameters
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link:
Attachments:
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: | Stuart Heath, Equity & Index Product Design, tel. +44-207-862-72 53, stuart.heath@eurex.com, Elena Marchidann, Equity & Index Product Design, tel. +44 20 7862 72 65, elena.marchidann@eurex.com | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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