Vola Trades

The EurexOTC Vola Trade facility allows authorized members to clear futures and options transactions through Eurex Clearing AG resulting from bilaterally agreed volatility trades. They are administered like normal exchange transactions and may too be closed through the order book of the Exchange.

In general, a Vola Trade is a trade where two parties

• conclude an on-exchange or off-exchange option transaction and
• simultaneously or in a second step, these parties agree on the off-exchange purchase/sale of the futures contract underlying the option transaction.

Vola Strategy with Cash Equity Leg

Eurex too offers the entry of volatility strategy trades for equity options including an integrated cash equity leg. Therefore, the Eurex® system does not support the trading of equity option volatility strategies through the regular order book. The entry of such transactions takes only place through the Block Trade facility.

The number of contracts cleared with the Vola Trade facility must exceed a minimum amount and is available for the following combinations of Eurex options and futures:

Contract Options on	Product ID	Contract Futures on	Product ID
Equity Index Derivatives
EURO STOXX 50® Index	OESX	EURO STOXX 50® Index	FESX
EURO STOXX® Select Dividend 30 Index	OEDV	EURO STOXX® Select Dividend 30 Index	FEDV
EURO STOXX® Index	OXXE	EURO STOXX® Index	FXXE
EURO STOXX® Large Index	OLCE	EURO STOXX® Large Index	FLCE
EURO STOXX® Mid Index	OMCE	EURO STOXX® Mid Index	FMCE
EURO STOXX® Small Index	OSCE	EURO STOXX® Small Index	FSCE
STOXX® Europe 50 Index	OSTX	STOXX® Europe 50 Index	FSTX
STOXX® Europe 600 Index	OXXP	STOXX® Europe 600 Index	FXXP
STOXX® Europe Large 200 Index	OLCP	STOXX® Europe Large 200 Index	FLCP
STOXX® Europe Mid 200 Index	OMCP	STOXX® Europe Mid 200 Index	FMCP
STOXX® Europe Small 200 Index	OSCP	STOXX® Europe Small 200 Index	FSCP
EURO STOXX® Sector Indexes		EURO STOXX® Sector Indexes
STOXX® Europe 600 Sector Indexes		STOXX® Europe 600 Sector Indexes
DJ Global Titans 50 IndexSM (EUR)	OGTI	DJ Global Titans 50 IndexSM (EUR)	FGTI
DAX®	ODAX®	DAX®	FDAX®
DivDAX®	ODIV	DivDAX®	FDIV
MDAX®	O2MX	MDAX®	F2MX
TecDAX®	OTDX	TecDAX®	FTDX
MDAX®	O2MX	MDAX®	F2MX
SMI®	OSMI	SMI®	FSMI
SMIM®	OSMM	SMIM®	FSMM
SLI®	OSLI	SLI®	FSLI
OMXH25	OFOX	OMXH25	FFOX
MSCI Russia Index	OMRU	MSCI Russia Index	FMRU
RDX® USD Index	ORDX	RDX® USD Index	FRDX
SENSEX	OSEN	SENSEX	FSEN
EURO STOXX 50® Index - Weekly		EURO STOXX 50® Index	FESX
DAX® - Weekly		DAX®	FDAX®
Dividend Derivatives
EURO STOXX 50® Index Dividend Futures	OEXD	EURO STOXX 50® DVP	FEXD
Commodity Derivatives
DJ-UBS Commodity IndexSM	OCCO	DJ-UBS Commodity IndexSM	FCCO
Volatility Index Derivatives
VSTOXX® Mini Futures	FVS	VSTOXX® Options	OVS
Interest Rate Derivatives
Euro-Schatz Futures	OGBS	Euro-Schatz	FGBS
Euro-Bobl Futures	OGBM	Euro-Bobl	FGBM
Euro-Bund Futures	OGBL	Euro-Bund	FGBL
Three-Month EURIBOR Futures	OEU3	Three-Month EURIBOR	FEU3