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Equity Index Derivatives: Introduction of Futures on the STOXX® USA 500 ESG-X Index

Release date: 13 Jan 2020 | Eurex Exchange

004/2020 Equity Index Derivatives: Introduction of Futures on the STOXX® USA 500 ESG-X Index

Eurex Circular 004/20

1. Introduction 

The Management Board of Eurex Deutschland took the following decisions with effect from
10 February 2020:

  • Introduction of Futures on the STOXX® USA 500 ESG-X Index 
  • Introduction of a Liquidity Provider scheme

Production start: 10 February 2020

2.    Required action

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 Attachment 1. 

3.2    Contract specifications

An overview in tables is provided in Attachment 1. 

For the detailed Contract Specifications, please see 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 start of trading under the following link:

3.3    Trading hours 

For the trading hours, please refer to Attachment 1. 

3.4    Trading calendar

Futures on STOXX® indices are available on each trading day at Eurex Deutschland. The exact trading days can be found from the start of trading in the trading calendar published on the Eurex website under the link:

3.5 Product group

The product group for the new product can be found in Attachment 1.

3.6 Liquidity Provider scheme

As of 10 February 2020, the new STOXX®-ESG Future will be included in the existing Liquidity Provider (LP) scheme "Product Specific Supplement 41 for Futures on STOXX® ESG-X, Low Carbon and Climate Impact". 

The quotation parameters as in Attachment 1 will apply. All other information can be found in the attached PSS document.

3.7 Excessive System Usage Fee and Order to Trade Ratio

The Excessive System Usage Fee and the Order to Trade Ratio are determined in line with the existing Equity Index Derivatives (FINX). For detailed information, please refer to the Eurex website under the following links:  

3.8 Mistrade parameters

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

3.9 Data vendor codes

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

3.10 Transaction fees and rebates

Details can be found in the current Price List of Eurex Clearing AG, which is available for download on the Eurex website under the following link:

3.11 Admission to the Eurex T7 Entry Services (TES)

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 following link:

The new Futures on STOXX® USA 500 ESG-X will be admitted to the Eurex T7 Entry Services (TES) with the parameters in Attachment 1.

3.12 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:

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

Attachments:

  1. Details for product overview, contract specifications, trading hours, product group, LP scheme, Eurex T7-Entry Services
  2. Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  3. Product Specific Supplement (PSS) to the Liquidity Provider Scheme for STOXX® ESG-X Futures

Further information

Recipients:All Trading Participants of Eurex Deutschland and Vendors
Target groups:Front Office/Trading, Middle + Backoffice, IT/System Administration
Contact:

Product R&D Equity and Index, Christine Heyde, T +49-69-211-1 56 98, christine.heyde@eurexchange.com

Web: www.eurexchange.com
Related Circular(s):Eurex Clearing circular 005/20
Authorised by:Michael Peters
 

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