Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 26 April 2021:
and
Production start: 26 April 2021
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.
2. Required action
There is no action required for participation.
3. Details of the initiative
A. Product overview
Please refer to Attachment 1 for an overview of the new products.
B. Contract specifications
Attachment 1 contains an overview in table format.
For the detailed contract specifications please see Attachment 2.
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:
Rules & Regs > Eurex Rules and Regulations > Contract Specifications
C. Trading hours
Please refer to Attachment 1 for the trading hours.
D. Trading calendar
Futures on STOXX® Europe 600 and USA 500 Value, Size, Quality, Multi-Factor, Momentum, Low Risk Indices will be available for trading on every exchange trading day at Eurex Deutschland. As of start of trading, the trading days can be retrieved from the trading calendar on the Eurex website under the following link:
E. Product group
The product group for the new products is contained in Attachment 1.
F. Liquidity Provider Scheme
As of 26 April 2021, a Liquidity Provider (LP) Scheme will be introduced for the new STOXX® Europe 600 and USA 500 Factor index futures. Please refer to the “Product Specific Supplement 62 for Futures on STOXX® Europe 600 und USA 500 Factor Indices“ (Attachment 3) for the detailed incentives of the scheme, quote parameters and all further information.
G. 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 equity index derivatives. For detailed information, please refer to the Eurex website under the following links:
Markets > Equity Index > STOXX® Indexes or
Rules & Regs > Excessive System Usage Fee or
Rules & Regs > Order to Trade Ratio
H. Mistrade parameters and vendor codes
Mistrade ranges and vendor codes for the new index futures will be published as of start of trading on the Eurex website under the link:
Markets > Equity Index > STOXX® Indexes
I. Transaction fees and rebates
The transaction fees stated in Attachment 1 will apply for the new STOXX® Europe 600 and USA 500 Factor index futures. For details, please refer to the Price List of Eurex Clearing AG available for download on the Eurex website under this link:
Rules & Regs > Eurex Rules & Regulations > Price List
J. Admission to the Eurex T7 Entry Services (TES)
An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilisation and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:
Trade > Eurex T7 Entry Services
The new futures on STOXX® Europe 600 and USA 500 Factor indices will be admitted to the TES with the parameters listed in Attachment 1.
K. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website www.eurex.com/ec-en under the following link:
Under this link, an updated list is available with details regarding Prisma-eligible Eurex products.
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 Clearing Circular 30/21 | |
Contact: | Product R&D Equity and Index, Christine Heyde, tel. +49-69-211-1 56 98, christine.heyde@eurex.com | |
Web: | www.eurex.com | |
Authorised by: | Randolf Roth |
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.
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