VSTOXX

VSTOXX® Futures (FVS)

  • Bloomberg L.P.
    FVSA Index
  • Refinitiv
    0#FVS:
  • Currency
    EUR
  • Product ISIN
    DE000A0Z3CW9
  • Underlying ISIN
    DE000A0C3QF1

Prices/Quotes

Price Chart

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Statistics

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Specifications

Contract Specifications

Contract value

EUR 100 per index point of the underlying.

Settlement

Cash settlement, payable on the first exchange day following the final settlement day.

Price quotation and minimum price change

The price quotation is in index points with two decimal places. The minimum price change is 0.05 index points, equivalent to a value of EUR 5.

Contract months

Up to 8 months:The eight nearest successive calendar months.

Last trading day and final settlement day

Last trading day is the final settlement day. Final settlement day is 30 calendar days prior to the expiration day of the underlying options (i.e. 30 days prior to the third Friday of the expiration month of the underlying options, if this is an exchange day). This is usually the Wednesday prior to the second last Friday of the respective maturity month, if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 12:00 CET.

Daily settlement price

The daily settlement prices for the current maturity month are derived from the volume-weighted average of the prices of all transactions during the minute before 17:30 CET (reference point), provided that more than five trades transacted within this period.

For the remaining maturity months, the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book.

Further details are available in the clearing conditions.

Final settlement price

The final settlement price is established by Eurex on the final settlement day, based on the average of the index values of the underlying on the last trading day between 11:30 and 12:00 CET.

For contracts that are admitted to trading after 15 January 2024 (starting with maturity Sep 24), the average value of all index calculations of the VSTOXX® between 11:00 and 12:00 CE(S)T on the last trading day applies.

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 1,000 contracts

Market-Making Parameter

All quotation parameters at a glance

  • Quotation period
  • Maturity range
  • Spread class & Maximum Spread
  • Minimum Quote Size
Liquidity Provider schemes

Mistrade Parameter

This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
 

Mistrade Ranges

Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

Trading Hours

Regular Trading Day
Pre-Trading Trading Post-Trading
Full Late1 Late2 Restricted
01:00 01:10 22:00 22:10
Last Trading Day
Pre-Trading Trading Post-Trading
Full Late1 Late2 Restricted
01:00 01:10 12:00

Trading Calendar

  • Jan 01
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Jan 17
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Jan 18
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Jan 19
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Feb 14
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Feb 15
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Feb 16
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Mar 14
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Mar 15
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Mar 20
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Mar 29
    Interest Rates | Equity | Equity Index | Dividends | Cryptocurrency | Volatility | FX | ETF & ETC | Commodity | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Apr 01
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Apr 17
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Apr 18
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Apr 19
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • May 01
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • May 16
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • May 17
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • May 22
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Jun 19
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Jun 20
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Jun 21
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Jul 17
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Jul 18
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Jul 19
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Aug 15
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Aug 16
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Aug 21
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Sep 18
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Sep 19
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Sep 20
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Oct 16
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Oct 17
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Oct 18
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Nov 14
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Nov 15
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Nov 20
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Dec 18
    Volatility | Last Trading Day

    Last trading day for VSTOXX® Derivatives

  • Dec 19
    Volatility | Last Trading Day

    Last trading day for EURO STOXX 50® Variance Futures

  • Dec 20
    Volatility | Final Settlement Day

    Final settlement day for EURO STOXX 50® Variance Futures (no trading)

  • Dec 24
    Interest Rates | Equity | Equity Index | Dividends | Volatility | ETF & ETC | Cryptocurrency | Commodity | FX | Holiday

    Eurex is closed for trading in all derivatives

  • Dec 25
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Dec 26
    Interest Rates | Equity | Equity Index | Dividends | FX | Volatility | ETF & ETC | Commodity | Cryptocurrency | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • Dec 31
    Interest Rates | Equity | Equity Index | Dividends | Volatility | ETF & ETC | Cryptocurrency | Commodity | FX | Holiday

    Eurex is closed for trading in all derivatives

Transaction Fees

Fee Type Fee
Exchange transactions: Standard fees (A-, M- and P-accounts) EUR 0.20 per contract
TES transactions / Eurex EnLight: Standard fees (A-, M- and P-accounts) EUR 0.30 per contract
Position Closing Adjustments (A-, M- and P-accounts) EUR 0.40 per contract
Cash settlement (A-, M- and P-accounts) EUR 0.20 per contract
Position transfer with cash transfer EUR 7.50 per transaction

Order Book

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Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

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. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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