Eurex
1. Introduction
The Management Board of Eurex Deutschland decided, with effect from 3 August 2020, to introduce intra-day non-disclosure limits for Block Trades entered using the Eurex T7 Entry Services (TES) in weekly index options on the DAX® (ODX1/2/4/5), EURO STOXX® 50 (OES1/2/4/5, OMSX), EURO STOXX® Banks (OEB1/2/4/5) or SMI® (OSM1/2/4/5).
2. Required action
There is no required action. Trading Participants may choose between intra-day disclosure and non-disclosure in the Block Trade entry window of the T7 Trader GUI for Block Trades in the weekly index options resp. month-end options on DAX®, EURO STOXX® 50, EURO STOXX® Banks or SMI®.
3. Details
Non-disclosure is an optional feature for transactions above a certain volume threshold. Where this threshold is reached or exceeded, the entering trader of bilateral TES or EnLight trades can select intraday publication or non-disclosure by Eurex Exchange’s T7 for these trades. The default setting for transactions above a certain volume threshold is set to non-disclosure in T7.
Effective 3 August 2020, the following non-disclosure limits will apply:
Product | Non-disclosure limit |
ODX1/ODX2/ODX4/ODX5 | 5,000 contracts |
OES1/OES2/OES4/OMSX | 25,000 contracts |
OEB1/OEB2/OEB4/OEB5 | 50,000 contracts |
OSM1/OSM2/OSM4/OSM5 | 2,500 contracts |
As announced in Eurex Clearing circular 053/20, the fee for individual non-disclosed TES or Eurex EnLight trades in the above-mentioned index options, as detailed in that circular’s attachment, will be charged as of 3 August 2020.
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice | |
Contact: | Tobias Ehinger, Equity & Index Product Design, tel. +49-69-211-1 23 13, tobias.ehinger@eurexchange.com | |
Related circular: | Eurex Clearing circular 053/20 | |
Web: | www.eurexchange.com | |
Authorised by: | Michael Peters |
Market Status ⓘ
XEUR
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