Equity & ETF Options: Introduction of new products and other changes

1. Introduction 

The Management Board of Eurex Deutschland took the following decisions with effect from 26 October 2026: 

• Introduction of five Equity Options pursuant to Annex B to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (hereafter referred to as: Contract Specifications) (Attachment 3), 
• Introduction of 15 ETF Options pursuant to the Contract Specifications (Attachment 2), 
• Amendment of the contract expiry cycle for three Equity Options pursuant to Annex B to the Contract Specifications (Attachment 3), 
• Amendment of the TES tick size for Equity Options with Group IDs DE11/12/14 pursuant to Annex B to the Contract Specifications (Attachment 3),Further changes to the Contract Specifications pursuant to Attachments 2 and 3. 
• Further changes to the Contract Specifications pursuant to Attachments 2 and 3.

The Executive Board of Eurex Frankfurt AG took the following decision with effect from 2 November 2026: 

• Amendment of the existing Liquidity Provider Program "Equity 04 – Options on ETFs" with regard to the new products admitted to trading. 

To implement the above decisions of Eurex Deutschland, the Contract Specifications will be amended with effect from 26 October 2026, as outlined in Attachments 2 and 3. 

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: 26 October 2026 

2. Required action 

There is no action required for participation. 

Information on Section 871(m) IRC – No Current Relevance 

Based on the information and product characteristics available at the time of assessment, Eurex Clearing AG currently understands that the products introduced under this Circular do not give rise to specific withholding or reporting obligations for Eurex Clearing AG under Section 871(m) of the U.S. Internal Revenue Code. 

Eurex Clearing AG does not provide legal or tax advice and makes no representation regarding the tax treatment of any transaction or individual market participant. Clearing Members and their clients remain responsible for evaluating and complying with any applicable tax, withholding, documentation and reporting requirements under the laws and regulations applicable to them. 

The assessment set out above reflects the current understanding of Eurex Clearing AG based on the product characteristics available at the time of assessment and may change in the future due to regulatory developments, amendments to applicable law, changes in product characteristics, underlying exposures or other relevant circumstances. 

3. Details of the initiative 

A. Product overview 

Please refer to Attachment 1 for the products. 

B. Contract specifications and product parameters 

For the detailed contract specifications, please see Attachments 2 and 3. 

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. Admission to the T7 Entry Services (TES) 

The new products will be admitted to the T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications in Attachment 2 and 3. 

An overview of the 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 T7 Entry Services is available on the Eurex website under the link: T7 Entry Service parameters

D. Risk parameters 

As of start of trading, risk parameters of the new products will be published on the Eurex website under the link: Risk parameters and initial margins 

and on the Eurex Clearing website www.eurex.com/ec-en/ under the following path: Risk parameters 

You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.  

E. Excessive System Usage Fee and Order-to-Trade Ratio 

The Excessive System Usage Fee and the Order-to-Trade Ratio for the new products are determined in line with the existing products. For detailed information, please refer to the Eurex website under the following links: Excessive System Usage Fee , Order-to-Trade Ratio 

F. Mistrade parameters and position limits 

Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link: Product Overview 

G. Transaction fees 

For the transaction fees for the new products, please refer to the Price List of Eurex Clearing AG on the Eurex Clearing website www.eurex.com/ec-en/ under the link: 3. Price List 

H. Vendor codes 

At start of trading, vendor codes for the new products will be published on the Eurex website under the link: Vendor Codes 

I. Liquidity Provisioning 

Product Specific Supplements (PSS) to the Liquidity Provider Agreement are now exclusively available in the secure Member Section of Deutsche Börse Group. For more details, please see Eurex Circular 063/26 “Modernization of the Market-Making and Liquidity Provisioning website and relocation of LPA supplements”. 

The amendments shall be deemed approved unless objected to Eurex Frankfurt AG and Eurex Clearing AG within a period of two weeks after notification of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement. 

Attachments: 

• 1 – Product overview 
• 2 – Updated sections of the Contract Specifications for Futures Contracts and Options Contracts
  at Eurex Deutschland
• 3 – Updated Annexes to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland 

Further information