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Euro-Inflation Futures
Euro-Inflation Futures (HICP)
- Product ISIN
- DE000A0QZFK9
- Currency
- EUR
Latest
Prices/Quotes
Displayed data is 15 minutes delayed. Last Update: May 16, 2013 17:04:35
Orderbook
| Opening Price | High | Low | Bid Price | Bid Volume | Ask Price | Ask Volume | Diff. to previous day | Last Price | Date | Time | Daily Settlem. Price | Traded Contracts | Open Interest (adj.) | Open Interest Date | Last Trading Day |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| n.a. | n.a. | n.a. | n.a. | 0 | n.a. | 0 | -0.49% | 98.93 | 05/16/2013 | 17:04:35 | 98.93 | 0 | 0 | 07/05/2012 | 05/16/2013 |
Statistics
Data is for Jun 17, 2013 Last Update: Jun 18, 2013 00:00:00
| Delivery Month | Opening Price | Daily High | Daily Low | Underlying Closing Price | Settlem. Price | Traded Contracts | Open Interest (adj.)* |
|---|---|---|---|---|---|---|---|
| Jul 13 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Aug 13 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Sep 13 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Oct 13 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Nov 13 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Dec 13 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Jan 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Feb 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Mar 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Apr 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| May 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Jun 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Jul 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Aug 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Sep 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Oct 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Nov 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Dec 14 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Jan 15 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Feb 15 | 0.00 | 0.00 | 0.00 | 0.00 | 98.93 | 0 | 0 |
| Total | 0 | 0 |
Vendor Codes
| Vendor Name | Vendor Code |
|---|---|
| Bloomberg L.P. | HICA <Index> CT <Go> |
| thomsonreuters | <0#HICP:> |
Trading
Contract Specifications
Version
:
21 Jan 2008
Contract Standards
Contract | Product ID | Underlying | Currency |
Euro-Inflation Futures | HICP | Unrevised Harmonised Index of Consumer Prices of the Eurozone excluding tobacco (HICP) | EUR |
Contract Value
EUR 1,000,000
Settlement
Cash settlement, payable on the first exchange day after the Final Settlement Day.
Price Quotation
The Price Quotation is in percent, with two decimal places based on 100 minus the annual inflation rate based on the HICP.
Minimum Price Change
The Minimum Price Change is 0.01 percent, equivalent to a value of EUR 100.
Contract Months
The next 20 successive calendar months.
Relevant for the futures contract is the annual inflation rate of the twelve-month period preceding the maturity month (for example February 2010 maturity month refers to the annual inflation rate measured in the time period between January 2009 and January 2010).
Last Trading Day and Final Settlement Day
Last Trading Day is the Final Settlement Day. Final Settlement Day of the Euro-Inflation Futures contract is the day Eurostat announces the HICP, if this is an exchange day, otherwise the exchange day immediately following that day.
Close of trading in the maturing futures is at 10:00 CET.
Daily Settlement Price
The Daily Settlement Price is established by Eurex. The Daily Settlement Price for Euro-Inflation Futures is the closing price fixed in the closing auction. If it is not possible to fix a closing price within the closing auction, or if the price thus fixed does not reflect the actual market conditions, Eurex Clearing AG will determine the settlement price by means of a theoretical pricing model.
Final Settlement Price
The Final Settlement Price is established by Eurex on the Final Settlement Day. Relevant is the HICP published by Eurostat on this day. The Final Settlement Price of a Euro-Inflation Futures contract will be calculated in percentage with four decimal places based on 100 minus the annual inflation rate of the twelve months period of the HICP preceding the maturity month (rounded to four decimal places).
The underlying formula for the calculation of the maturing contract month (t) is:
FSPt = 100 - [100 * (HICPt-1/HICPt-13 - 1)]
Example:
For the August 2007 contract, the applicable HICP figures are those for July 2007 (104.14 released on August 16, 2007) and July 2006 (102.38 released on August 17, 2006). The final settlement price is calculated accordingly:
100-[100*(104.14/102.38-1)] = 98.2809
Overview Trading Hours and Auction Phases
Pre-Trading-Period | Opening Auction | Continous Trading | Closing Auction | Post-Trading Period |
09:00-09:45 Uhr | 09:45-10:00 Uhr | 10:00-16:45 Uhr | 16:45-17:00 Uhr | 17:00-17:30 Uhr |
All times in CET.
Euro-Inflation Futures are available for trading in the U.S.
Trading Calendar
- 16 Jan 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 28 Feb 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 15 Mar 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 29 Mar 2013Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
- 01 Apr 2013Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
- 16 Apr 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 01 May 2013Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
- 16 May 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 14 Jun 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 16 Jul 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 16 Aug 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 16 Sep 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 16 Oct 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 15 Nov 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 17 Dec 2013Inflation Derivatives | Last Trading Day
Last Trading Day for Euro-Inflation Futures
- 24 Dec 2013Weather Derivatives | Volatility Index Derivatives | Property Derivatives | Interest Rate Derivatives | Inflation 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 2013Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
- 26 Dec 2013Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Index Derivatives | Exchange Traded Funds Derivatives | Inflation Derivatives | Commodity Derivatives | Weather Derivatives | Property Derivatives | Holiday
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
- 31 Dec 2013Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Funds Derivatives | Equity Index Derivatives | Inflation Derivatives | Interest Rate Derivatives | Property Derivatives | Volatility Index Derivatives | Weather Derivatives | Holiday
Eurex is closed for trading in all derivatives
Trading Hours
Regular Trading Day
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 09:00 | 09:45 | 17:00 | 17:30 |
Last Trading Day
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 09:00 | 09:45 | 10:00 |
Transaction Fees
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees | EUR 0.50 per contract |
| OTC transactions: Standard Fees | EUR 0.75 per contract |
| Position Closing Adjustments | EUR 1.00 per contract |
| Cash settlement | EUR 0.50 per contract |
| Position transfer with cash transfer | EUR 7.50 per transaction |
OTC Block Trade
Admitted to the OTC Block Trade Facility for minimum number of tradable contracts: 50
Parameters
Maximum Spreads
Maximum Spread (Ticks) |
| 20.00 |
Minimum Quote Size
20 contracts
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 Zürich, 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 Zürich 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.
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