STOXX

Market-on-Close Futures

A listed solution for basis trading                 

Eurex Market-on-Close Futures (Eurex MOC Futures) are designed to deliver multiple benefits to a market that, so far, has been dominated by OTC trading. Traditionally, basis, or market-on-close (MOC), trading requires high operational efforts with limited risk management opportunities as the basis is usually agreed on in the inter-dealer-broker market. While the basis is determined before the market close, the respective index futures trades must be entered into the Eurex® system after closing. This, amongst other harbors slippage costs.

In most cases, a MOC transaction has to be split into several trades as the final price (agreed basis plus index close level) is more granular than the index futures' tick size. That means that in order to enter them into TES Block Trade, MOC off-book transactions must be large enough in size to allow them to be split to achieve the desired final price. 

By providing an on-exchange solution, Eurex supports MOC trading by futurizing basis trading in line with the regulatory agenda.
 

Key Benefits

Need to know

Block Liquidity Providers

Execution Broker

Prices/Quotes FES1

Contacts

Floris Florquin
Global Product Lead for Index


T +44-20-78 62-76 62
floris.florquin@eurex.com
 

Sophie Granchi
Sales EMEA


T +33-0680347501
sophie.granchi@eurex.com

Dorte Carlsen
Sales EMEA


T +44-20-78 62-72 17
dorte.carlsen@eurex.com

Matthew Koren
Sales Americas


T +1-212-309-93 14
matthew.koren@eurex.com

Kris Hopkins
Sales APAC


T +65-65 97-30 61
kris.hopkins@eurex.com

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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