Eurex
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With effect from 23 September 2019, tradability of MSCI Indonesia Index Futures (Eurex product code: FMID) will be withdrawn for U.S. Eurex Participants and U.S. investors.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:
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:
| 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 |
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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