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Weekly index options on DAX, EURO STOXX 50, EURO STOXX Banks, SMI: Introduction of intra-day non-disclosure limits

Release date: 29 Jun 2020 | Eurex Exchange

052/2020 Weekly index options on DAX, EURO STOXX 50, EURO STOXX Banks, SMI: Introduction of intra-day non-disclosure limits

Eurex Circular 052/20

1.   Introduction

The Management Board of Eurex Deutschland decided, with effect from 3 August 2020, to introduce intra-day non-disclosure limits for Block Trades entered using the Eurex T7 Entry Services (TES) in weekly index options on the DAX® (ODX1/2/4/5), EURO STOXX® 50 (OES1/2/4/5, OMSX), EURO STOXX® Banks (OEB1/2/4/5) or SMI® (OSM1/2/4/5).

  • Production start: 3 August 2020

2.   Required action

There is no required action. Trading Participants may choose between intra-day disclosure and non-disclosure in the Block Trade entry window of the T7 Trader GUI for Block Trades in the weekly index options resp. month-end options on DAX®, EURO STOXX® 50, EURO STOXX® Banks or SMI®.

3.   Details

Non-disclosure is an optional feature for transactions above a certain volume threshold. Where this threshold is reached or exceeded, the entering trader of bilateral TES or EnLight trades can select intraday publication or non-disclosure by Eurex Exchange’s T7 for these trades. The default setting for transactions above a certain volume threshold is set to non-disclosure in T7.

Effective 3 August 2020, the following non-disclosure limits will apply:

Product

Non-disclosure limit

ODX1/ODX2/ODX4/ODX5

5,000 contracts

OES1/OES2/OES4/OMSX

25,000 contracts

OEB1/OEB2/OEB4/OEB5

50,000 contracts

OSM1/OSM2/OSM4/OSM5

2,500 contracts

As announced in Eurex Clearing circular 053/20, the fee for individual non-disclosed TES or Eurex EnLight trades in the above-mentioned index options, as detailed in that circular’s attachment, will be charged as of 3 August 2020.

Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice

Contact:

 

Tobias Ehinger, Equity & Index Product Design, tel. +49-69-211-1 23 13, tobias.ehinger@eurexchange.com

Related circular:

 

Eurex Clearing circular 053/20

Web:

 

www.eurexchange.com

Authorised by:

Michael Peters

 

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