Eurex Clearing
Dear Clearing Member,
We would like to announce the following activities in the simulation environment in order to facilitate Next Generation ETD Contracts testing. As announced in Eurex Clearing Circular 024/22, the project goes live on 6 February 2023.
Selected products with different expiries are available in simulation as announced in Eurex Clearing Readiness Newsflash from 1 September 2022. Due to market demand and aiming to provide Trading and Clearing participants with additional testing opportunities, the following events are made available in simulation:
1. Additional batch day (including integrated weekly as well as daily expiries) Friday, 4 November 2022
Friday, 4 November 2022 will be added as a batch day in the simulation environment to simulate a production-like weekly Friday expiry. The 1st weekly November expiration will be changed in the Single Stock Options “AXA” from Thursday, 3 November 2022 to expire on Friday, 4 November 2022. All futures products supporting daily expiring futures contracts (i.e. Single Stock Futures and MSCI Futures) will contain an additional daily contract expiring on Friday, 4 November 2022.
2. Additional corporate action on Tuesday, 8 November 2022
On Tuesday, 8 November 2022, an R-factor corporate action adjustment on Single Stock Options “ROG” and Single Stock Futures “ROGP” with effective date Wednesday, 9 November 2022 will be initiated in the simulation environment. Both products will be adjusted with R-factor of 0,95.
Original | ||||||||||||||
Name | Product ID | Product ISIN | Strike | Trading Unit | ||||||||||
Roche Holding Option | ROG | CH0012032048 | Example 30,000 | 100 | ||||||||||
Roche Holding Future | ROGP | DE000A2YZJF1 | - | 100 | ||||||||||
After Corporate Action | ||||||||||||||
Roche Holding Option | ROG | CH0012032048 | 28,500 | 105,2632 | ||||||||||
Roche Holding Future | ROGP | DE000A2YZJF1 | - | 105,2632 |
A new Single Stock Futures contract “ROGQ” with standard contract size 100 will be introduced on 10 November 2022 in simulation. The daily expiring contracts can be used as an underlying leg of Options Volatility Strategies in “ROG” replacing the daily expiring contracts of “ROGP”.
3. Weekly Bund option expiry date Friday, 16 December 2022
Third week expiring December contracts for options on Bund futures (OGBL) will shift in simulation from Thursday, 15 December 2022 to Friday, 16 December 2022 to simulate a production-like weekly 3rd Friday expiry. Please note that the monthly expiration for options on Bund futures is always the 4th week of December (therefore the 3rd Friday is a weekly expiry).
Trading and Clearing participants are encouraged to test to ensure a smooth transition to the new Next Generation ETD concept. Trading and Clearing simulation batch days and events are available on the Simulation Calendar. The simulation calendar can be found under the following path: Support > Initiatives & Releases > Simulation calendar.
Learn now more about Next Generation ETD Contracts on our dedicated initiative page under the following link: Support > Initiatives & Releases > Project Readiness > Next Generation ETD Contracts. System documentation, circulars, timeline and much more information is available there for you.
If you have questions or require further information, please contact us via e-mail: client.services@eurex.com.
Kind regards,
Your Client Services Team
Visit the Next Generation ETD Contracts webpage for all your Clearing and Trading content!
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination | |
Related Circular: | Eurex Clearing Circular 024/22 | |
Related Newsflash: | Eurex Clearing Readiness Newsflash from 1 September 2022 | |
Contact: | client.services@eurex.com | |
Web: | Support > Initiatives & Releases > Project Readiness > Next Generation ETD Contracts |
