Service Navigation

Flexible Contracts

Flexible Contracts

Flexible Futures

The Flexible Futures facility is available for

 
The Flexible Contracts Service support off-book trading of tailor-made futures and options contracts. This allows traders to customize their trades to meet their individual needs.

In this way, Eurex Trading Participants benefit from the flexibility of off-book trading and at the same time take advantage of the efficiency and safety of standardized clearing and settlement processes.

Eurex products across various asset classes are offered via the Flexible Contracts Services. The Minimum Trading Size for Flexible Contracts is identical to the Minimum Block Trade Size of the respective product.

Market participants can design Flexible Futures trades by selecting:

  • Flexible maturity
    Participants of a Flexible Futures trade can create their own maturity date for the transaction. Individual maturity dates can be as early as the next exchange day or as far out as the maturity date for the most distant respective standard futures contract.
  • Settlement type
    In trades with Single Stock Futures market participants have the ability to negotiate the terms of settlement at time of conclusion (cash settlement or physical delivery).

Flexible Options

The Flexible Options facility is available for

 
Market participants can design Flexible Options by selecting:

  • Exercise price
    The selected exercise price can be defined above the highest exercise price of the corresponding regular option series or may be the lowest exercise price of an option (e.g. LEPOs) which can be represented in the Eurex system or an intermediate price. Maximum exercise prices are limited to 2.5-times the highest available standard expiries in the respective product.
  • Expiration date
    The expiration date can be any exchange day (with some special Eurex defined exceptions) starting from the next exchange day until the longest currently active standard expiration date of the respective product.
  • Exercise style
    American-style (exercise on any exchange day during the lifetime of the option) or European-style (exercise only on the Last Trading Day of the option) can be specified.
  • Settlement type
    In trades with equity and ETF options market participants have the ability to negotiate the terms of settlement at time of conclusion (cash settlement or physical delivery).

Clearing features

Eurex Clearing offers a series of back office features for Flexible Contracts to support back office processing.

  • Give-up/take-up functionality
  • Position transfer
  • Trade separation
  • Close out/partial close-out
  • Exercise/partial exercise
 

In our daily updated file you will find detailed information about all Eurex products and their availability and usage regarding the various Eurex Trade Entry Services.

 
 
 

With T7 release 2.5 it became possible to upload Flexible Contracts via the import functionality of the Eurex Trade Entry Services (similar to the Block Trade Service Bulk Load). The corresponding template can be found under Related topics. Please note that for the Flexible Contracts Service auto approval is not supported.

 
 
 

Market Status

XEUR

-

-

Trading System experiencing issues

Trading System experiencing serious issues

Production newsboard

The Market Status Indicator displays the current technical availability of the trading system.

It indicates whether Production Newsboard messages regarding current technical issues of the trading system have been published or will be published shortly.

We strongly recommend not to take any decisions based on the Market Status Indicator. Please, always check the Production Newsboard for comprehensive information.

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