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VSTOXX® Futures

VSTOXX® Futures (FVS)

Product ISIN
DE000A0Z3CW9
Underlying ISIN
DE000A0C3QF1
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed. Last trade:

Orderbook

Opening PriceHighLowBid PriceBid VolumeAsk PriceAsk VolumeDiff. to previous dayLast PriceDateTimeDaily Settlem. PriceTraded ContractsOpen Interest (adj.)Open Interest DateLast Trading Day
No Future found

Statistics

Data is for Oct 24, 2014   Last update: Oct 25, 2014 00:00:00

Product type:
F
Stock Exchange:
n/a
Underlying closing price:
21.32
Delivery monthOpening priceDaily HighDaily LowClosing priceSettlem. priceTraded contractsOpen Interest (adj.)*
Nov 1420.4521.3020.3520.7020.7016,00150,179
Dec 1418.7019.2518.5518.8018.857,53248,055
Jan 1520.3520.7520.2520.5020.452,02736,664
Feb 1520.4520.8020.4520.7520.702,61419,108
Mar 1520.2520.4020.0520.2520.2593916,161
Apr 1520.4020.5020.2020.3520.354409,864
May 1520.4020.5020.2520.4020.4041211,636
Jun 1520.7020.7020.4020.4020.409250
Total     30,890191,667

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.FVSA Index
thomsonreuters0#FVS:

Trading

Contract Specifications

Version : 03 Aug 2012

Contract Standards

ContractProduct IDUnderlyingCurrency
VSTOXX® FuturesFVSVSTOXX®EUR

 

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 points with two decimal places. The Minimum Price Change is 0.05 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 of volatility index futures are determined during the closing auction of the respective futures contract.

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.

 

VSTOXX® Futures are available for trading in the U.S.

Trading Calendar

  • 22 Jan 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 19 Feb 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 18 Mar 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 16 Apr 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 18 Apr 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 21 Apr 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 01 May 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 21 May 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 18 Jun 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 16 Jul 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 20 Aug 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 17 Sep 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for volatility index derivatives

  • 16 Oct 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 17 Oct 2014
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 22 Oct 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® Futures and Options

  • 19 Nov 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® Futures and Options

  • 20 Nov 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 21 Nov 2014
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 17 Dec 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® Futures and Options

  • 18 Dec 2014
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 19 Dec 2014
    Volatility Derivatives | Final Settlement Day

    Final Settlement Day for EURO STOXX 50® Variance Futures (no trading)

  • 24 Dec 2014
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Funds Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 26 Dec 2014
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | Exchange Traded Funds Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday

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

  • 31 Dec 2014
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Funds Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday

    Eurex is closed for trading in all derivatives

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:5017:3018:3020:30
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:5012:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard feesEUR 0.20 per contract
TES transactions: Standard feesEUR 0.30 per contract
Position Closing AdjustmentsEUR 0.40 per contract
Cash settlementEUR 0.20 per contract
Position transfer with cash transferEUR 7.50 per transaction

Block Trades

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

Parameters

Maximum Spreads

Designated Market Makers may choose between one of the following quotation parameter sets for fulfillment of the Designated Market-Making scheme:

Scheme 1
Expirations 1-4:
0.20 volatility index points for bids up to 20 index points. 1 percent for bids greater than 20.
Expirations 5-8:
0.40 volatility index points for bids up to 20 index points. 2 percent for bids greater than 20.

Scheme 2
Expirations 1-4:
0.10 volatility index points for bids up to 20 index points. 1 percent for bids greater than 20.
Expirations 5-8:
0.25 volatility index points for bids up to 20 index points. 2 percent for bids greater than 20.

Minimum Quote Size

Designated Market Makers may choose between one of the following quotation parameter sets for fulfillment of the Designated Market-Making scheme:

Scheme 1
200 contracts on the bid and ask side.

The minimum quote duration is 80 percent of the trading hours between 09:00 and 17:10 CET
(on a monthly average).
All eight contract months have to be quoted.

Scheme 2
250 contracts on the bid and ask side.

The minimum quote duration is 80 percent of the trading hours between 09:00 and 17:10 CET
(on a monthly average).
All eight contract months have to be quoted.

Market Makers

  • Morgan Stanley

    Gabriel Manceau

    T +44 20 74 25 41 63

    Market Maker ID: MGILO

    VSTOXX® Futures

  • Optiver

    Maanit Chhabra

    T +31-20-708-7806

    Market Maker ID: OPXAM

    VSTOXX® Futures

  • Flow Traders

    Pascal Teekens

    T +31 20 7996 786

    Market Maker ID: NEDAM

    VSTOXX® Futures

  • Barclays Capital

    Benjamin Smith

    T +44-20-35 55-02 79

    Market Maker ID: BACLO

    VSTOXX® Futures

  • Barclays Capital

    Saad Ouahbi

    T +44-20-77 73-25 33

    Market Maker ID: BACLO

    VSTOXX® Futures

Mistrade Ranges

A deviation of the mistrade transaction price from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price more than 20 percent of the margin parameters for the corresponding futures contract, unless another regulation has been made for an individual product.

Crossing Parameters

(section 2.3 Eurex Trading Conditions)

(1) Orders and quotes relating to the same contract or to a system-supported combination of contracts 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 prearranged 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 the Eurex Exchanges to the Market Surveillance Office of Eurex Germany or to the Surveillance and Enforcement Office of Eurex Zurich, 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 Offices of Eurex Germany and Eurex Zurich in agreement with the Boards of Management of the Eurex Exchanges. The specifications shall be subject to publication. Disclosure of said specifications to one of the two Surveillance Offices named above shall be deemed to be disclosure to both Eurex Surveillance Offices.

(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, enters a cross request equivalent to the number of contracts of the order. The order or quote giving rise to the cross trade or pre-arranged trade must be entered five seconds at the earliest and 65 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 35 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.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in the opening period (subsection 1.3 paragraph 2) or during the closing auction (subsection 1.3 paragraph (3)).

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

Orderbook

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