Eurex
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:
Rules & Reg’s > Rules and Regulations > Contract specifications
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:
Trade > Eurex T7 Entry Services > Eurex T7 Entry Service parameters
4. Risk parameters
As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:
Data > Clearing files > Risk parameters and initial margins
and on the Eurex Clearing website www.eurexclearing.com under the following path:
Risk management > Risk parameters
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:
Products > Equity derivatives > Single Stock Futures
Rules & Reg‘s > Excessive System Usage Fee
Rules & Reg‘s > Order to Trade Ratio
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:
Products > Equity derivatives > Single Stock Futures
Products > Product overview
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:
Rules & Reg‘s > Excessive System Usage Fee
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:
Data > Trading files > Vendor product codes
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:
Trade > Market-Making and Liquidity provisioning > Product Specific Supplements to the LPA
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:
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
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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.
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