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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:Oct 19, 2018 21:59:00

Orderbook

Product nameExpiryDiff. to prev. day lastLast priceDateTimeTraded contractsOpen interest (adj.)Open interest date
VSTOXX® Futures NOV 2018 -1.09% 18.10 10/19/2018 21:59:00 40,011 124,741 10/19/2018
VSTOXX® Futures DEC 2018 -0.28% 17.50 10/19/2018 21:56:32 22,255 94,164 10/19/2018
VSTOXX® Futures JAN 2019 -0.27% 18.30 10/19/2018 21:56:31 1,919 36,630 10/19/2018
VSTOXX® Futures FEB 2019 +0.54% 18.50 10/19/2018 21:50:09 1,996 11,313 10/19/2018
VSTOXX® Futures MAR 2019 -0.27% 18.50 10/19/2018 19:01:02 320 12,121 10/19/2018
VSTOXX® Futures APR 2019 -0.28% 17.95 10/19/2018 18:28:34 172 9,468 10/19/2018
VSTOXX® Futures MAY 2019 +0.00% 18.45 10/19/2018 18:28:34 117 10,149 10/19/2018
VSTOXX® Futures JUN 2019 +3.92% 18.55 10/19/2018 18:28:34 1 0 10/18/2018
Total 66,791 298,586

Statistics

Data is forOct 19, 2018   Last update:Oct 20, 2018 00:00:00

Product type:
F
Stock exchange:
n/a
Underlying closing price:
18.78
Delivery monthOpening priceDaily highDaily lowLast priceSettlem. priceTraded contractsOpen interest
Nov 1817.9018.7517.7518.1018.10040,191131,543
Dec 1817.2017.7517.1517.5017.35024,255103,194
Jan 1918.1518.4518.0518.3018.1502,13937,225
Feb 1918.1518.5518.1018.5018.2501,99612,198
Mar 1918.3518.5018.3018.5018.40032012,318
Apr 1918.0018.0517.8518.0017.9501729,529
May 1918.7518.7518.4518.5018.45011710,180
Jun 1918.6018.6018.6018.6018.55011
Total     69,191316,188

Vendor Codes

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

Trading

Contract Specifications

Version : 01 Aug 2017

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 index points with two decimal places. The minimum price change is 0.05 index 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 are derived from the volume-weighted average of the prices of all transactions during the minute before 17:30 CET (reference point), 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.

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

  • 01 Jan 2018
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 17 Jan 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 18 Jan 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 19 Jan 2018
    Volatility Derivatives | Final Settlement Day

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

  • 14 Feb 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 15 Feb 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 16 Feb 2018
    Volatility Derivatives | Final Settlement Day

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

  • 15 Mar 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 16 Mar 2018
    Volatility Derivatives | Final Settlement Day

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

  • 21 Mar 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 30 Mar 2018
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 02 Apr 2018
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 18 Apr 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Apr 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 20 Apr 2018
    Volatility Derivatives | Final Settlement Day

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

  • 01 May 2018
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 16 May 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 17 May 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 18 May 2018
    Volatility Derivatives | Final Settlement Day

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

  • 14 Jun 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 15 Jun 2018
    Volatility Derivatives | Final Settlement Day

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

  • 20 Jun 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 18 Jul 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Jul 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 20 Jul 2018
    Volatility Derivatives | Final Settlement Day

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

  • 16 Aug 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 17 Aug 2018
    Volatility Derivatives | Final Settlement Day

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

  • 22 Aug 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Sep 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 20 Sep 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 21 Sep 2018
    Volatility Derivatives | Final Settlement Day

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

  • 17 Oct 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 18 Oct 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 19 Oct 2018
    Volatility Derivatives | Final Settlement Day

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

  • 15 Nov 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 16 Nov 2018
    Volatility Derivatives | Final Settlement Day

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

  • 21 Nov 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 19 Dec 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for VSTOXX® derivatives

  • 20 Dec 2018
    Volatility Derivatives | Last Trading Day

    Last Trading Day for EURO STOXX 50® Variance Futures

  • 21 Dec 2018
    Volatility Derivatives | Final Settlement Day

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

  • 24 Dec 2018
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Products Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2018
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

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

  • 26 Dec 2018
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | FX Derivatives | Property Derivatives | Holiday

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

  • 31 Dec 2018
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Products 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
07:3007:5022:0022:30
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3007:5012:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard fees (A-, M- and P-accounts)EUR 0.20 per contract
TES transactions: Standard fees (A-, M- and P-accounts)EUR 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
Maturity months 1-4:
0.30 volatility index points for bids up to 20 index points. 1.5 percent for bids greater than 20.
Maturity months 5-8:
0.40 volatility index points for bids up to 20 index points. 2 percent for bids greater than 20.

Scheme 2
Maturity months 1-4:
0.20 volatility index points for bids up to 20 index points. 1 percent for bids greater than 20.
Maturity months 5-8:
0.30 volatility index points for bids up to 20 index points. 1.5 percent for bids greater than 20.


Scheme 3
Maturity months 1-4:
0.40 volatility index points for bids up to 20 index points. 2 percent for bids greater than 20.
Maturity months 5-8:
0.60 volatility index points for bids up to 20 index points. 3 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
30 contracts on the bid and ask side.

The minimum quote duration is 75 percent of the trading hours between 09:00 and 17:30 CET
(on a monthly average).
All eight contract months have to be quoted.

Scheme 2
200 contracts on the bid and ask side.

The minimum quote duration is 75 percent of the trading hours between 09:00 and 17:30 CET
(on a monthly average).
All eight contract months have to be quoted.

Scheme 3
100 contracts on the bid and ask side.

The minimum quote duration is 75 percent of the trading hours between 14:00 and 22:00 CET
(on a monthly average).
All eight contract months have to be quoted.

Market Makers

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 price change percentile for the corresponding futures contract, unless another regulation has been made for an individual product.

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 Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged 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 Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland 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 Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(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 into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 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 31 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. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

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

Orderbook

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