Find
22 Feb 2024

Eurex

Equity Index Derivatives: Introduction of Futures on FTSE® EPRA Indices and the STOXX® Semiconductor 30 Index

Eurex Circular 026/24 Equity Index Derivatives: Introduction of Futures on FTSE® EPRA Indices and the STOXX® Semiconductor 30 Index

1.  Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from 18 March 2024:

  • Futures contracts on three FTSE® EPRA NAREIT Indices (FTSE® EPRA NAREIT Developed Europe, FTSE® EPRA NAREIT Eurozone und FTSE® EPRA NAREIT UK) and the STOXX® Semiconductor 30 Index will be admitted for trading at Eurex Deutschland.
  • The Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be amended according to Attachment 2.

The Executive Board of Eurex Frankfurt AG took the following decision with effect from 18 March 2024:

  • Liquidity Provider schemes for Futures contracts on FTSE® EPRA NAREIT indices and STOXX® Semiconductor 30 Index will be offered to Trading Participants at Eurex Deutschland according to the attached Product Specific Supplements (PSS).

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: 18 March 2024

2.  Required action

There is no action required for participation.

3.  Details 

A. Product overview

Please refer to Attachment 1 for an overview of the new products.

B. Contract specifications and product parameters

For the detailed contract specifications, please see Attachment 2.

The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:

Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications

C. Admission to the Eurex T7 Entry Services (TES)

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

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:

Data > Trading files > 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: 

Data > Clearing files > Risk parameters and initial margins

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

Services > 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:

Rules & Regs > Excessive System Usage Fee
Rules & Regs > 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:

Markets > Product Overview

G. Transaction fees

For the transaction fees for the new products, please refer to the Price List of Eurex Clearing AG under the link:

Rules & Regs > Eurex Clearing Rules & Regulations > 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:

Markets > Product Overview > Vendor Codes

I. Liquidity Provisioning

Please refer to the attached Product Specific Supplements (Attachments 4 and 5) for details. An overview of Market-Making and Liquidity Provisioning at Eurex can be found on the Eurex website under the following link:

Trade > Market-Making and Liquidity provisioning


Attachments:

  1. Overview of the new products
  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
  4. Product Specific Supplement (PSS) for Futures on FTSE® EPRA Indices – Equity Index 74
  5. Product Specific Supplement (PSS) for Futures on STOXX® Semiconductor 30 Index – Equity Index 75


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

client.services@eurex.com

Web:

www.eurex.com 

Authorized 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. 

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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.