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STOXX® Europe 600 Travel & Leisure Index Futures: Withdrawal of availability for trading for U.S. Participants

Release date: 03 Sep 2020 | Eurex Exchange

068/2020 STOXX® Europe 600 Travel & Leisure Index Futures: Withdrawal of availability for trading for U.S. Participants

Eurex Circular 068/20

1.  Introduction

As of 5 October 2020, tradability of STOXX® Europe 600 Travel & Leisure Index Futures (Eurex product code: FSTV) will be withdrawn for U.S. Eurex Participants and U.S. investors. Background of this measure is that the index will transition from a non-narrow-based security index to a narrow-based security index.

2.  Required action

U.S. Participants are asked to close all positions in this product before 5 October 2020. 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 5 October 2020 as well.

3.    Details 

Eurex Exchange has determined that the STOXX® Europe 600 Travel & Leisure Index will transition from a non-narrow-based security index to a narrow-based security index at the end of November 2020. Eurex Exchange is advising both the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission of this change. 

Accordingly, the CFTC will be withdrawing its certification of the contract at the end of November 2020. After such withdrawal of CFTC certification, STOXX® Europe 600 Travel & Leisure 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 5 October 2020 withdrawal of tradability for U.S. Eurex Participants and U.S. investors is in advance of the official date of the STOXX® Europe 600 Travel & Leisure Index’s transition from a non-narrow-based security index to a narrow-based security index.

The respective new assignment group for the product is:

  • XNCFQE (Equity Index Futures in EUR).

The capacity group is 

  • “Cash/Physical EUR”.

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.

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:

 

Rachna Mathur, Equity & Index Sales, T +1-212-3 09 93 08, 
rachna.mathur@eurexchange.com,
Floris Florquin, Equity & Index Product Design, T +44-207-862-76 62, floris.florquin@eurexchange.com

Web:

 

www.eurexchange.com

Authorised by:

Randolf Roth


 

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