Service Navigation

A. Single Stock Futures: Introduction of five Single Stock Futures; B. Single Stock Futures/Single Stock Dividend Futures/Equity Options: Name change

Release date: 07 Aug 2020 | Eurex Exchange

060/2020 A. Single Stock Futures: Introduction of five Single Stock Futures; B. Single Stock Futures/Single Stock Dividend Futures/Equity Options: Name change

Eurex Circular 060/20

1. Introduction

Due to previous corporate actions, the Management Board of Eurex Deutschland took the following decisions with effect from 17 August 2020:

A.    Introduction of five Single Stock Futures pursuant to Annex A of Attachment 2
B.    Name change of Single Stock Futures, Single Stock Dividend Futures and Equity Options pursuant to Attachment 2. 

Production start: 17 August 2020

2. Required action

There is no required action for participation.

3. Details

A. Introduction of five Single Stock Futures

1. Product overview

Please refer to Attachment 1 for the Eurex products that will be introduced.

2.  Contract specifications and product parameters

In general, contract specifications for the new Single Stock Futures are in line with the existing contracts with the relevant Eurex group ID, also in terms of trading hours and trading calendar, last trading day, settlement and determination of the daily and final settlement prices.

As of the introduction date of the new products, the updated Annex A of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurexchange.com under the following link:

3.  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 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 utilisation and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:

4.  Risk parameters

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

and on the Eurex Clearing website www.eurexclearing.com under the following path:

You will also find an updated list with details regarding Prisma-eligible Eurex products under this path. 

5.  Excessive System Usage Fee and Order to Trade Ratio

The Excessive System Usage Fee and the Order to Trade Ratio for the new products are determined in line with the existing products (Single Stock Futures). For detailed information, please refer to the Eurex website under the following links:

6.  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 links:

7.  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:

8.  Transaction fees

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

9.  Vendor codes

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

10.  Liquidity Provisioning

Liquidity is provided in accordance with the Liquidity Provider Schemes for Single Stock Futures (Equity-02)). Detailed information can be found on the Eurex website under the following link:

B. Single Stock Futures/Single Stock Dividend Futures/Equity Options: Name change

Please refer to the attachment 2 for details to the products and the name change.
 

Attachments:

  1. Introduction of five Single Stock Futures: 1. Product overview: Tables
  2. Updated sections A, B, D, G and H 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, T +49-69-211-1 12 10

Web:

 

www.eurexchange.com

Authorised by:

Michael Peters

 

Market Status

XEUR

-

-

Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Production newsboard

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.

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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.