Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decision with effect from 1 November 2021:
The Executive Board of Eurex Frankfurt AG decided to extend the current existing fee waiver for the first six Full High-Frequency Sessions, as described in Eurex Circular 024/21, by one additional session to a total of seven sessions. For further details, please see Section 3.C.
This circular contains all information on the updated sections of the relevant Rules and Regulations of Eurex Deutschland as well as on the extension of fee waiver by Eurex Frankfurt AG.
Production start: 1 November 2021
2. Required action
There is no action required for participation.
3. Details
A. Amendment of deferral time for FX Futures
The deferral time of the Classic FX Futures will be shortened to three milliseconds (currently eight milliseconds). The deferral time for FX Rolling Spot Futures will remain unchanged at eight milliseconds.
Eurex will constantly monitor the trading activity and order book dynamics in order to evaluate the appropriateness of the deferral times. Eurex may announce further changes to the deferral time in case empirical observations provide evidence that amendments are required.
B. Amendment of Minimum Block Trade Size for Options on FX Futures
The minimum block trade size for Options on FX Futures will be decreased to one Contract for regular off-book trades as well as for Eurex EnLight trades in accordance with the Attachment.
C. Extension of the fee waiver for services under the connection agreement
The current existing fee waiver for the first six Full High-Frequency Sessions, as described in Eurex Circular 024/21, will be extended by one additional session to a total of seven sessions. Therefore, all Trading Participants, who fulfil the basis building block requirements for the products FCEU (EUR/USD Future) or EUCO (Options on EURUSD Future) according to the respective PSS “Foreign Exchange 01 - FX Futures and FX Rolling Spot Futures” and “Foreign Exchange 02 - Options on FX Futures” – as amended from time to time – will not be charged for their first seven Full High-Frequency Sessions for the month in which the basis building block requirements are fulfilled.
The entire fee waiver is valid until 31 December 2022. Eurex Frankfurt AG shall have the right to terminate or adjust this incentive at any time with a one-month notice.
D. Editorial changes to the contract specifications for the Eurex Daily USD/KRW Future
The trading times and the minimum block trade size for the Eurex Daily USD/KRW Futures Contracts on US Dollar Futures of the Korea Exchange (FCUW) are added to the Contract Specifications for Futures Contract and Options Contracts at Eurex Deutschland in accordance with the Attachment.
Attachment:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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