11 Aug 2022

Eurex

Equity Derivatives: A. Introduction of Single Stock Futures, Single Stock Dividend Futures and one equity option; B. Name change with regard to the underlyings of Single Stock Futures and equity options

Eurex Circular 077/22 Equity Derivatives: A. Introduction of Single Stock Futures, Single Stock Dividend Futures and one equity option; B. Name change with regard to the underlyings of Single Stock Futures and equity options

1.  Introduction

Due to corporate actions, the Management Board of Eurex Deutschland took the following decisions with effect from 29 August 2022:

  • Introduction of seven Single Stock Futures, one equity option and five Single Stock Dividend Futures pursuant to Annexes A, B and D to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland (hereinafter: Contract Specifications) in Attachment 2,
  • Name change for Single Stock Futures, equity options and one Single Stock Dividend Future pursuant to Annexes A, B and D of the Contract Specifications in Attachment 2.

To implement the above resolutions, the Contract Specifications will be amended effective 29 August 2022, as specified in Attachment 2.

This circular contains all information on the introduction of the new products and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.

Production start: 29 August 2022

2.  Action required

There is no action required for participation.

3.  Details

A.  Product overview

Please refer to Attachment 1 for the products.

B.  Contract specifications and product parameters

The contract specifications for the new Single Stock Futures, equity options and Single Stock Dividend Futures generally correspond to the existing contracts with the respective Eurex group ID, also regarding trading hours and trading calendar, last trading day, settlement and determination of daily and final settlement prices.

For the detailed Contract Specifications please see Attachment 2.

The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:

Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications

C.  Admission to the Eurex T7 Entry Services (TES)

The new products will be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications in the Attachment 2.

An overview of the Eurex T7 Entry Services available for the products as well as detailed information on single product basis with regard to availability, possibility of utilization and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:

Data > Trading files > T7 Entry Service parameters

D. Risk parameters

As of start of trading, risk parameters of the new products will be published on the Eurex website under the link: 

Data > Clearing files > Risk parameters and initial margins

and on the Eurex Clearing website under the following path:

Services > Risk parameters

you will also find an updated list with details regarding Prisma-eligible Eurex products.  

E.  Excessive System Usage Fee and Order to Trade Ratio

The Excessive System Usage Fee and the Order to Trade Ratio for the new products have been defined according to the existing products (Single Stock Futures, Equity Options, Single Stock Dividend Futures). Further information can be found on the Eurex website under the following links:

Markets > Product Overview
Rules & Regs > Excessive System Usage Fee
Rules & Regs > Order to Trade Ratio

F.  Mistrade parameters and position limits

Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link:

Markets > Product Overview

G.  Transaction limits

The same values apply as for existing products with the relevant Eurex group ID. For details, please refer to the Eurex website under the link:

Rules & Regs > Excessive System Usage Fee

H.  Transaction fees

The same transaction fees apply as for the corresponding existing products.

I.  Vendor codes

As of start of trading, vendor codes for the new products will be published on the Eurex website under the link: 

Markets > Product Overview > Vendor Codes

Attachments:

  1. Product overview 
  2. Amended Sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland


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:

Derivatives Trading Operations, tel. +49-69-211-1 12 10, eurextrading@eurex.com

Web:

www.eurex.com

Authorized by:

Randolf Roth


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