Contract Specifications
| Contracts | Product ID | Underlying |
iSTOXX® Europe Low Risk, Momentum, Quality, | FXFR, FXFM, | iSTOXX® Europe Low Risk, Momentum, Quality, |
STOXX® Europe 600 Industry Neutral Ax Low Risk, Momentum, Quality, Size, Value, Multi-Factor Futures | FAXL, FAXA, | STOXX® Europe 600 Industry Neutral Ax Low Risk, Momentum, Quality, Size, Value, Multi-Factor Net Total Return Indexes |
STOXX® USA 500 | FUAL, FUAA, | STOXX® USA 500 |
Settlement
Cash settlement, payable on the first exchange day following the final settlement day.
Contract values and price gradations
| Contract | Contract value | Minimum price change | |
| Points | Value | ||
iSTOXX® Factor Futures | EUR 50 | 0.1 | EUR 5 |
STOXX® Europe 600 Factor Futures | EUR 100 | 0.05 | EUR 5 |
STOXX® USA 500 Factor Futures | USD 100 | 0.05 | USD 5 |
Contract months
Standard - up to 9 months: The three nearest quarterly months of the March, June, September and December cycle.
Last trading day and final settlement day
Last trading day is the final settlement day.
Final settlement day is the third Friday of each 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 (22:00 CET for STOXX® USA 500 Factor Futures).
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, 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.
Final settlement price
The final settlement price is established by Eurex on the final settlement day of the contract and is based on the average of the respective STOXX® Europe 600 & iSTOXX® Index values calculated between 11:50 and 12:00 CET.
For STOXX® USA 500 Factor Futures the final settlement price is determined by the closing value of the respective index on the last trading day.
Further details are available in the clearing conditions and the contract specifications.
Block Trades
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 50 contracts.
Market-Making Parameter
All quotation parameters at a glance
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.
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 Trader or several Exchange Traders of an Admitted Company (a “Cross Trade”) nor pursuant to a prior understanding between Exchange Traders of two different admitted companies (a “Pre-Arranged Trade”), unless the conditions according to Paragraph 2 have been fulfilled. The same shall apply for the entry of Orders as part of a Quote.
(2) A Cross Trade or a Pre-Arranged Trade is admissible if a participant in a Cross Trade or a Pre-Arranged Trade Eurex Trading System, announces his intention to execute a corresponding number of Contracts as Cross Trades or Pre-Arranged Trades in the Order Book (“Trade Request”). The buying participant has to ensure that he himself or the selling participant enters the Trade Request. The Order or Quote giving rise to the Cross Trade or Pre-Arranged Trade must be entered one second at the earliest and 121 seconds at the latest after the entry of the Trade Request. Entering a Trade Request without entering the respective Order or Quote is not admissible.
(3) Paragraphs 1 and 2 shall not apply to Transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).
(4) The automated entry functionality for Cross Trades or Pre-Arranged Trades of the Eurex Trading System may be used for entering Cross Trades or Pre-Arranged Trades. In this case, announcement and entry of the corresponding Orders pursuant to Paragraph 2 will be automated.
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 07:50 | 22:00 | 22:30 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 07:30 | 07:50 | 22:00 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in CHF
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
No cash payment in USD
No cash payment in USD
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and exercise in British equity index derivatives
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
Eurex is closed for trading and exercise in Finnish equity index derivatives
No cash payment in CHF
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
No cash payment in CHF
Eurex is closed for trading and exercise in British equity index derivatives
No cash payment in USD
No cash payment in USD
Eurex is closed for trading and exercise in Finnish equity index derivatives
No cash payment in USD
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
No cash payment in CHF
Eurex is closed for trading and exercise in British equity index derivatives
No cash payment in USD
No cash payment in USD
No cash payment in USD
No cash payment in USD
Eurex is closed for trading and exercise in Finnish equity index derivatives
Eurex is closed for trading in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading in all derivatives
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees (A-accounts) | USD 0.40 per contract |
| Exchange transactions: Standard fees (M- and P-accounts) | USD 0.35 per contract |
| TES transactions / Eurex EnLight: Standard fees (A-accounts) | USD 0.60 per contract |
| TES transactions / Eurex EnLight: Standard fees (M- and P-accounts) | USD 0.55 per contract |
| Position Closing Adjustments (A-accounts) | USD 0.80 per contract |
| Position Closing Adjustments (M- and P-accounts) | USD 0.70 per contract |
| Cash settlement (A-accounts) | USD 0.40 per contract |
| Cash settlement (M- and P-accounts) | USD 0.35 per contract |
| Position transfer with cash transfer | USD 13.00 per transaction |
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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