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FAQs

Any further questions?

Do you have further questions about our products or services? You will find the answers on the most frequently asked questions about “Eurex Exchange” on the following pages:

Overview of content

General information

 

Does Eurex Deutschland operate an open-outcry market, or a fully electronic trading system?

Eurex Deutschland is a fully integrated, electronic exchange trading platform allowing participants decentralized and standardized market access on a global scale. Eurex exchange members can choose from different connection types to connect to the exchange.

Which products can be traded at Eurex Deutschland, and on which underlying instruments (equities, indexes, etc.) are the futures and options contracts based?

For an up-to-date overview of products listed at Eurex Deutschland, click here.

What is the tax treatment for profits and losses from derivatives transactions?

We regret being unable to give advice on the tax treatment of profits and losses from derivatives transactions effected via Eurex Deutschland, due to legal restrictions. Please contact your tax advisor for detailed information in this respect.

What is the difference between options and warrants?

Warrants:

  • Warrants are option rights issued (certified) as securities, either a) as an independent portion of a bond with warrants; or b) as a separate security
  • In the former case, the warrants are issued by the borrower of the bond issue, or banks. The product specifications vary to a great degree
  • Buying and selling prices for the respective products are usually quoted by the issuer
  • For private investors, it is generally not possible to sell warrants short, or to use them for strategies such as covered call writing, where a call option is sold against an existing equities position


Exchange-traded options:

  • Exchange-traded options are developed and admitted to trading by exchanges, such as Eurex Deutschland. The products are standardized as to:
    • Contract sizes, maturity ranges, exercise prices, etc.
  • Banks and trading houses act as competing market-makers:
    • They provide liquidity by entering binding bid and ask quotes
    • Several institutions compete for the best price
  • Short sales and covered call positions are possible
    • These transactions are subject to margin requirements, where additional collateral must be provided
  • Price determination for exchange-traded options is completely transparent

Where can Eurex products be traded?

The Eurex® system is an electronic trading platform - similar to the Xetra® system of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse - FWB). Eurex products can only be bought and sold at Eurex Deutschland. Trading takes place between participants (exchange members), and the contract performance is guaranteed by Eurex Clearing AG as the central counterparty to every transaction.

Does Eurex Deutschland hold seminars on futures and options?

In cooperation with BÖRSE ONLINE, Germany's leading investor magazine, Eurex Deutschland has been holding seminars in several German cities and in Zurich since the beginning of 2000.

What training material is available from Eurex Deutschland?

Eurex publishes a range of brochures illustrating applications of Eurex products and related strategies.

Equity derivatives and equity index derivatives are covered in:

  • Equity and Equity Index Derivatives: Trading Strategies
  • Equity and Equity Index Derivatives: Trading Strategies - Questions and Case Studies

Interest rate derivatives are covered in:

  • Interest Rate Derivatives - Fixed-Income Trading Strategies
  • Interest Rate Derivatives - Fixed-Income Trading Strategies - Questions and Case Studies (available soon)


As an additional resource, Eurex Deutschland also publishes the 'Risk-Based Margining' brochure which explains the margining rules and procedures applicable for Eurex derivatives.

These brochures - and the entire range of Eurex publications - can be found here.

Eurex Deutschland also offers the PC training programs "All about Eurex Futures" and "All about Eurex Options" for self-study purposes. These programs can be ordered through the website of Deutsche Börse AG's Trainingscenter.

Why are numerous publications by Eurex Deutschland issued only in English?

Eurex Deutschland provides a derivatives product range and trading/clearing infrastructure for an international client base, serving clients across Europe and in the USA, Asia and Australia. Owing to this international client structure it is quite normal that, at the top end, over 70 percent of traded volumes in certain product groups are generated by non-German-speaking clients. To account for this fact and in line with industry practice, we have decided to publish exclusively in English certain Eurex publications, such as the Eurex E-Newsletter, which primarily address institutional clients.

However, other publications, whose contents tend to address private investors as well, are available in both German and English. This includes, for example, all Eurex strategy brochures, the Risk-Based Margining brochure and the retail section on the Eurex website.

Where can I find delayed quotes on Eurex products?

Delayed quotes on Eurex products are displayed on the respective product pages or on the Eurex Mobile App.

Is price information published by Eurex based on a single contract, or on the quantity of underlying instruments stipulated by the contract size?

Where equity options are concerned, for instance, the prices published on our website are always based on a single share. If a certain product has a contract size of 100 (e.g. 100 shares), the price must be multiplied by 100 to calculate the price of one contract. Equity index options are quoted in index points, which must be multiplied by the set contract value. Where other product types are concerned, the specifications of the products must be taken into account.

All details on the specifications of Eurex products can be found here.

Where can I subscribe to (historical and/or real-time) price data on Eurex products?

Questions relating to Eurex price data should be addressed to Information Services, on:

Phone: +49 69 211-11800
Fax: +49 69 211-14501
E-mail: customer.service@deutsche-boerse.com

Which financial services providers, banks and brokers offer private investors the opportunity of trading in Eurex products?

An overview of financial services providers, banks and brokers that enable institutional and private investors to trade Eurex products can be found here.

Please note:
Registration in this database is voluntary - therefore, it does not purport to be complete. You may also want to check and compare the terms and conditions for trading at Eurex offered by your existing banking relationships.

Does Eurex Deutschland recommend any financial services providers, banks or brokers?

Unfortunately we cannot issue any recommendation for Eurex exchange members, as such recommendation depends on individual requirements, and the costs involved.

An overview of financial service provider, banks and brokers that enable institutional and private investors to trade Eurex products can be found here.

Please note:
Registration in this database is voluntary - therefore, it does not purport to be complete. You may also want to check and compare the terms and conditions for trading at Eurex offered by your existing banking relationships.

Is direct admission to Eurex Deutschland or direct access to the Eurex® system possible for private investors?

Private individuals cannot be admitted as exchange members to Eurex Deutschland, and thus a financial services provider obtain access through a bank or a broker who have a direct connection to the exchange.

An overview of financial services providers, banks and brokers that enable institutional and private investors to trade Eurex products can be found here.

Please note:
Registration in this database is voluntary - therefore, it does not purport to be complete. You may also want to check and compare the terms and conditions for trading at Eurex offered by your existing banking relationships.

Which trading software is suitable for private investors?

Unfortunately we are not able to formulate any assessment or recommendation regarding trading systems as this always depends on individual requirements, and the costs involved.

Where are the ISINs of Eurex products listed?

An overview of product codes and ISINs of Eurex derivatives can be found here.

This website provides a search screen with which you can either search by product name or product category. If you require a list of all Eurex products, do not change the displayed default settings, just press the Search button. The website also offers the information for download, in CSV format.

 
 
 
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