A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 12 May 2025:
The Executive Board of Eurex Frankfurt AG took the following decision with effect from 12 May 2025:
Production start: 12 May 2025
This circular contains all information on the introduction of the new products and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
2. Required action
There is no action required for participation.
3. Details
A. Product overview
Please refer to Attachment 1 for an overview in table format.
B. Contract specifications and product parameters
Attachment 1 contains an overview of the contract specifications in table format,
The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
C. Trading hours
Please refer to Attachment 1 for the trading hours.
D. Trading calendar
Futures and options on STOXX® indices are available for trading on every trading day at Eurex Deutschland. As of the start of trading the exact trading days can be found in the trading calendar, available on the Eurex website under this link:
E. Product group
Please refer to Attachment 1 for the product group.
F. Liquidity Provisioning
As of 12 May 2025, a Liquidity Provider Scheme will be offered for the new product. Details about the incentives of the scheme, quote parameters and all further information are provided in the Product Specific Supplement (PSS) in Attachment 4.
G. Excessive System Usage Fee and Order-to-Trade Ratio
The Excessive System Usage Fee and the Order-to-Trade Ratio for the new product are determined in line with the existing equity index derivative products. For detailed information, please refer to the Eurex website under the following links:
Markets > Equity Index > STOXX
Rules & Regs > Regulations > Excessive System Usage Fee
Rules & Regs > Regulations > Order-to-Trade Ratio
H. Mistrade parameters
Mistrade ranges and vendor codes for the new index derivatives will be published as of start of trading on the Eurex website under the link:
Markets > Equity Index > STOXX
I. Transaction fees and rebates
For the new STOXX® derivatives, the transaction fees stated in Attachment 1 apply. Details are provided in the current Price List of Eurex Clearing AG on the Eurex Clearing website www.eurex.com/ec-en/ under the link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
J. Admission to the T7 Entry Services (TES)
The new product will be admitted to the 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 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 T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
The new STOXX® index future will be admitted to TES with the parameters listed in Attachment 1.
K. Risk parameters
As of start of trading, risk parameters of the new product 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.eurex.com/ec-en/ under the following path:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
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: | client.services@eurex.com | |
Web: | ||
Authorized by: | Jonas Ullmann |
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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