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Eurex
1. Introduction
With effect from 1 January 2024 until 31 December 2024, the Executive Board of Eurex Clearing AG decided to temporarily waive the transaction and delivery fees on P- and M-Account in daily expiring Single Stock Futures with physical settlement, which are traded as part of Option Volatility Strategies.
With the introduction of new product initiatives under NextGen ETD Contracts (see Eurex Circular 014/23), Eurex has enabled Volatility strategies in Equity Options with the daily expiring physically settled Single Stock Futures as a leg.
2. Required action
There is no required action for the participants.
3. Details
For the period from 1 January 2024 until 31 December 2024, Eurex Clearing AG will offer a temporary waiver on the transaction fees (pursuant to Number 3.1 of the Price List of Eurex Clearing AG) and delivery fees (pursuant to Number 3.9 of the Price List of Eurex Clearing AG) on P- and M-Account in daily expiring Single Stock Futures with physical settlement, which are traded as part of Option Volatility Strategies.
As an example, the following Complex Product (“Strategy”) will qualify for a fee waiver on Single Stock Futures transaction and delivery fees on P- and M-Account:
“ROG C 100 Mar24 30000 vs 10 ROGP T+0 @250”, which can be separated into two instruments: 100 Call Options on Roche Holding AG with a strike price at 300 CHF and expiry in March 2024 and 10 Single Stock Futures on Roche Holding AG which expire on the same day (“t+0”). The transaction and delivery fees for Single Stock Futures in this Option Volatility Strategy will be eligible for the fee waiver.
To identify the contracts in scope, Trading Participants can use Single Stock Futures (traded as part of the Option Volatility Strategy and settled on the same day (“t+0”) of trading) with Group ID BE02, DE02, ES02, FI02, FR02, IE02, IT02, NL02 and CH02 assigned in Annex A of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (Contract Specifications).
The transaction fees of all other Single Stock Derivatives are shown in the full version of the Price List of Eurex Clearing AG (Price List), available on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Eurex Rules & Regulations > Price List
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: | ||
Related circulars: | ||
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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