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09 Feb 2024

Eurex

Equity Index Derivatives, Dividend Derivatives: Tradability of MSCI Mexico Index Futures and Mid-Curve Options on Euro STOXX 50® Index Dividend Futures for Participants in the U.S.

Eurex Circular 021/24 Equity Index Derivatives, Dividend Derivatives: Tradability of MSCI Mexico Index Futures and Mid-Curve Options on Euro STOXX 50® Index Dividend Futures for Participants in the U.S.

1.   Introduction

With effect from 12 February 2024, the following additional products will be activated for tradability in the U.S.:

Product group: Equity Index Derivatives

Product name

Product ID

Currency

Previous
Capacity Group

New
Capacity Group

MSCI Mexico Index Futures

FMMX

USD

Cash USD

Cash USD - CFTC

Product group: Dividend Derivatives

Product name

Product ID

Currency

Previous
Capacity Group

New
Capacity Group

One-Year EURO STOXX® 50 Dividend Mid-Curve Option

OED1

EUR

Cash EUR

Cash EUR - CFTC

Two-Year EURO STOXX® 50 Dividend Mid-Curve Option

OED2

EUR

Cash EUR

Cash EUR - CFTC

Three-Year EURO STOXX® 50 Dividend Mid-Curve Option

OED3

EUR

Cash EUR

Cash EUR - CFTC

Four-Year EURO STOXX® 50 Dividend Mid-Curve Option

OED4

EUR

Cash EUR

Cash EUR - CFTC

Five-Year EURO STOXX® 50 Dividend Mid-Curve Option

OED5

EUR

Cash EUR

Cash EUR - CFTC

Start of production: 12 February 2024


2.   Required action

There is no action required for participation in trading in these products.

3.   Details 

A. Equity Index Derivatives

Eurex Deutschland submitted a written application for certification to the Commodity Futures Trading Commission (CFTC) to offer MSCI Mexico Index Futures in the U.S. The CFTC has notified Eurex Deutschland that these contracts are certified and may be made available for trading in the U.S.

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

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

  • Snapshot messages: Change from 59032 to 59000
  • Incremental messages: Change from 59033 to 59001

The corresponding new "capacity group" is “Cash USD - CFTC” (previously: “Cash USD”).

B. Dividend Derivatives

Eurex Deutschland submitted a written application to the Division of Market Oversight of the Commodity Futures Trading Commission to offer Mid-Curve Options on EURO STOXX 50® Index Dividend Futures in the U.S. The Division of Market Oversight has notified Eurex Deutschland that these contracts may be made available for trading in the U.S.

According to Eurex Deutschland's registration as a "Foreign Board of Trade", the above-mentioned Mid-Curve Options on EURO STOXX 50® Index Dividend Futures can be offered or sold to persons in the U.S. via Eurex terminals with direct access in the U.S.

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

  • Snapshot messages: Change from 59032 to 59000
  • Incremental messages: Change from 59033 to 59001

The corresponding new "capacity group" is “Cash EUR - CFTC” (previously: “Cash EUR”).


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:

Michael Peters


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