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Eurex EnLight: Product Scope Extension and Introduction of Option Volatility Strategies Trading for Single Stock Options

Release date: 23 Oct 2019 | Eurex Exchange

100/2019 Eurex EnLight: Product Scope Extension and Introduction of Option Volatility Strategies Trading for Single Stock Options

Eurex Circular 100/19 Eurex EnLight: Product Scope Extension and Introduction of Option Volatility Strategies Trading for Single Stock Options

1. Introduction

As of 4 November 2019, all cash settled and a sub-set of the physically settled Single Stock Futures already available for trading in the Eurex order book and on the Eurex T7 Entry Services will also become available for trading on Eurex EnLight, according to the updated section of Annex A of the contract specifications provided in attachment 1.

Option Volatility Strategies trading will be available for Single Stock Options where a corresponding physically settled Single Stock Future is available and where the contract size is identical to the corresponding option, according to the mapping provided in attachment 2.

Production start: 4 November 2019


2. Required actions

In order to act as a requester and/or responder for these new products on Eurex EnLight, the correct entitlements need to be set at trader user level. Please contact your Key Account Manager for further information.

In order to appear as a responder on the Eurex EnLight White List, please contact your Key Account Manager.
 

3. Details of the initiative

The product scope available for trading via Eurex EnLight is attached to this circular (see updated section of Annex A of the contract specifications).

With the introduction of the Single Stock Futures, Eurex EnLight will also support Option Volatility Strategies trading in Single Stock Options where a corresponding physically settled Single Stock Future is available and where the contract size is identical to the corresponding option, according to the mapping provided in the attachment 2.

In addition to Eurex EnLight, the Option Volatility Strategies trading for Single Stock Options will also be available in the Eurex orderbook and Eurex Trade Entry Services as of 4 November 2019.

As per Eurex Circular 094/19, the Liquidity Provision rebate structure for Single Stock Futures will be extended to the transactions traded via Eurex EnLight. The same rebate level will apply to the transactions traded via Eurex EnLight and via Eurex T7 Entry Services.

As per ECAG Circular 093/19, the Price List of Eurex Clearing AG (Price List) will be amended in order to reflect the appropriate updates needed to support the Eurex EnLight product scope extension.


Attachments:

1. Updated section of Annex A of the Contract Specifications for Futures Contracts Eurex Deutschland

2. Single Stock Option Volatility Strategies – Product Scope


Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target group(s):

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

client.services@eurexchange.com

Web:

Eurex EnLight

Authorized by:

Randolf Roth




 

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