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Eurex
1. Introduction
The Management Board of Eurex Deutschland has taken the following decision as of 30 March 2026:
The Executive Board of Eurex Frankfurt AG has taken the following decision as of 30 March 2026:
This circular contains all information on the updated sections of the relevant Rules and Regulations of Eurex Deutschland (Attachment 1), as well as the adjusted Liquidity Provider program (Attachment 2).
In addition, the Index ISIN of the product will be amended at the same date:
Index name | Previous Index ISIN | New Index ISIN |
MSCI Korea Index (USD, NTR) | XC000A2GGB70 | GB00BVC7ZP52 |
Production start: 30 March 2026
With effect from 7 April 2026, tradability of the following product will be withdrawn for U.S. Eurex Participants:
Product name | Product ID | Currency | Previous | New |
MSCI Israel Index Futures | FMIS | USD | Cash USD - CFTC | Cash USD |
2. Required action
All Trading Participants that have open positions in MSCI Israel Index Futures must comply with applicable Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulation once Futures contracts transition to Foreign Security Futures Products (FSFPs).
3. Details
A. Product overview
Eurex got the permission to offer trading in Futures on MSCI Korea Index (Eurex code: FMKR) also during the Asian trading hours. Therefore, the trading hours of the product will be aligned with the other MSCI Index Futures as of 30 March 2026.
B. Contract specifications and product parameters
For the detailed contract specifications, please see Attachment 1.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurex.com as of start of trading under: 03. Contract Specifications.
C. Liquidity Provisioning
Please refer to the attached Product Specific Supplement (Attachment 2) for details. An overview of Market-Making and Liquidity Provisioning at Eurex can be found on the Eurex website under the following link: Market-Making and Liquidity provisioning.
D. Withdrawal of U.S. Direct Access Tradability for Futures on MSCI Israel Futures
The MSCI Israel Index Futures will transition from non-narrow-based security index futures to narrow-based security index futures effective at the close of trading of 29 April 2026. Accordingly, the CFTC will be withdrawing its non-narrow-based certification for the contracts at this upcoming date.
After the close of trading on 29 April 2026, MSCI Israel Index Futures contracts will be security futures and 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 7 April 2026 withdrawal of direct access tradability for U.S. Eurex Participants is in advance of the official date of the MSCI Israel Index's transition to a narrow-based security index.
All Trading Participants are reminded that all trading of eligible FSFPs for U.S. accounts must comply with the 2009 SEC Order, the Commodity Exchange Act, and the terms of Eurex Circular 105/21.
The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:
The corresponding new "capacity group" for MSCI Israel Index Futures is "Cash USD" (previously: "Cash USD - CFTC").
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 | |
Related circular: | Eurex Circular 105/21 | |
Contact: | client.services@eurex.com or Rachna Mathur, rachna.mathur@eurex.com, | |
Web: | ||
Authorized by: | Jonas Ullmann |
Market Status ⓘ
XEUR
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Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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