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12. Juli 2019

Eurex

MSCI Indonesia index futures: Withdrawal of availability for trading for U.S. Participants

Eurex Circular 071/19 MSCI Indonesia index futures: Withdrawal of availability for trading for U.S. Participants

1. Introduction

With effect from 23 September 2019, tradability of MSCI Indonesia Index Futures (Eurex product code: FMID) will be withdrawn for U.S. Eurex Participants and U.S. investors. Background of this measure is that the MSCI Indonesia Index will transition from a non-narrow-based security index to a narrow-based security index at the end of September 2019.

2. Required actions

U.S. Participants are asked to close all positions in this product before 23 September 2019. Eurex Participants who hold agent transactions or positions from U.S. investors should be aware that they too will be affected by the withdrawal of availability for trading. We expressly ask these Eurex Participants to close out also the aforementioned positions by 23 September 2019 as well.

3. Details of the initiative

Eurex Exchange has determined that the MSCI Indonesia Index will transition from a non-narrow-based security index to a narrow-based security index at the end of September 2019. Eurex Exchange is advising both the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission of this change in circumstance. 

Accordingly, the CFTC will be withdrawing its certification of the contract at the end of September 2019. After such withdrawal of CFTC certification, MSCI Indonesia Index futures contracts will be considered security futures contracts and must therefore be traded in accordance with both the U.S. securities and commodity futures laws.

Eurex Exchange notes that, in order to ensure compliance, its 23 September 2019 withdrawal of tradability for U.S. Eurex Participants and U.S. investors is in advance of the official date of the MSCI Indonesia Index’s transition to a security futures contract. 

The respective new assignment group for the product is:

  • XNCHQU (Equity Index Futures in US dollar)

Please note that as a consequence of the assignment to the new product group, the Multicast addresses for data distribution will remain unchanged. Port numbers, however, will change as follows: 

  • Snapshot Messages: Change from 59000 to 59032
  • Incremental Messages: Change from 59001 to 59033.



Recipients:All Trading Participants of Eurex Deutschland and Vendors
Target groups:Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Contact:Rachna Mathur, Equity & Index Sales, T +1-212-3 09 93 08, rachna.mathur@eurexchange.com; Ralf Huesmann, Equity & Index Product Design, T +49-69-211-1 54 43, ralf.huesmann@eurexchange.com
Web:www.eurexchange.com
Authorized by:Michael Peters

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