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Equity index derivatives: Introduction of derivatives on STOXX® Europe ESG Leaders Select 30 and STOXX® Europe 600 ESG-X indices

Release date: 18 Sep 2019 | Eurex Exchange

088/2019 Equity index derivatives: Introduction of derivatives on STOXX® Europe ESG Leaders Select 30 and STOXX® Europe 600 ESG-X indices

Eurex Circular 088/19

1.    Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from 21 October 2019
•    Introduction of one future and one option on the STOXX® Europe ESG Leaders Select 30 Index and of one option on the STOXX® Europe 600 ESG-X Index
•    Introduction a of Liquidity Provider scheme

Production start: 21 October 2019

2.    Action required

All Trading Participants of Eurex Deutschland and vendors are affected by this change (set-up of new standard index products).

3.    Details of the initiative

3.1    Product overview

For the product overview, please refer to the tables in attachment 1. 

3.2    Contract specifications and product parameters

For the contract specifications and product parameters, please refer to the table in attachment 1.

For the detailed contract specifications, please refer to attachment 2. 

The updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurexchange.com as of the product launch under the following link:

3.3    Trading hours (all times are CET)

For the trading hours, please refer to the table in attachment 1.

3.4    Trading calendar

Futures and options on the STOXX® Europe ESG Leaders Select 30 index and options on STOXX® Europe 600 ESG-X index are available for trading on each trading day of Eurex Deutschland. The exact trading days can be found in the trading calendar which has been published on the Eurex website under the link: 

3.5    Product group

For the product group, please refer to the table in attachment 1. 

3.6    Liquidity Provisioning

Effective 21 October 2019, a Liquidity Provider scheme (Product Specific Supplement for Options on STOXX® Europe 600 ESG-X Index) and (Product Specific Supplement for Options on STOXX®Europe ESG Leaders Select 30 Index)will be offered for options on the STOXX® Europe ESG Leaders Select 30 and the STOXX® Europe 600 ESG-X index.

The quoting obligations can be found in the attached Product Specific Supplements. As of start of trading, they will also be available on the Eurex website under the link:

3.7    Mistrade parameters

Mistrade ranges for the new index futures and options will be available for download on the Eurex website as of start of trading under the following link:

3.8    Data vendor codes

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

3.9    Transaction fees

Transaction fees for the new STOXX® Europe ESG Leaders Select 30 index futures and options are in line with the existing STOXX® index futures and options. The new STOXX® Europe 600 ESG-X index options are outlined in the price list under options on STOXX ESG indices. 

Please refer to the current Price List of Eurex Clearing AG on the Eurex Clearing website www.eurexclearing.com under the following link:

3.10    Eurex T7 Entry Services

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:

The new futures and options on the STOXX® Europe ESG Leaders Select 30 and STOXX® Europe 600 ESG-X index will be admitted to the Eurex T7 Entry Services with the Block-Trade Size named in the table in attachment 1. 

3.11 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 link:

Risk management > Risk parameters

Under this link, you will also find an up-to-date list with details for all Prisma-eligible Eurex products.

Attachments: 

1.    Tables for the details of the initiative
2.    Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
3.    Product Specific Supplements to the Liquidity Provider Scheme 
 

Recipients:All Trading Participants of Eurex Deutschland and Vendors
Target groups:Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Contact:Product R&D Equity and Index, Christine Heyde, T +49-69-211-1 56 98, christine.heyde@eurexchange.com
Related Eurex circular:038/19
Web:www.eurexchange.com
Authorized by:Michael Peters
 

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