A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 21 July 2025:
The Executive Board of Eurex Frankfurt AG took the following decision with effect from 21 July 2025:
Amendment of the existing Liquidity Provider Programs "Equity 01 - Equity Options and Selected Equity Index Options" and "Equity 03 - Single Stock Dividend Futures" with regard to the new products admitted to trading and due to the Spread Class changes for selected Equity Options.
To implement the above decisions of Eurex Deutschland, the Contract Specifications will be amended with effect from 21 July 2025, as outlined in Attachment 2 and 3.
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.
Production start: 21 July 2025
2. Required action
There is no action required for participation.
3. Details of the initiative
A. Product overview
Please refer to Attachment 1 for the product details.
B. Contract specifications and product parameters
For the detailed contract specifications, please see Attachments 2 and 3.
The full version of the updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland 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. Admission to the T7 Entry Services (TES)
The new products 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 utilization 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
D. Risk parameters
As of start of trading, risk parameters of the new products 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.
E. Excessive System Usage Fee and Order-to-Trade Ratio
The Excessive System Usage Fee and the Order-to-Trade Ratio for the new products are determined in line with the existing products (Equity Options, Single Stock Futures, Single Stock Dividend Futures). For detailed information, please refer to the Eurex website under the following links:
Rules & Regs > Regulations > Excessive System Usage Fee
Rules & Regs > Regulations > Order-to-Trade Ratio
F. Mistrade parameters and position limits
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link:
G. Transaction fees
For the transaction fees for the new products, please refer to the 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
H. Vendor codes
At start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
I. Liquidity provisioning
Please refer to the attached Product Specific Supplements (Attachments 4, 5) for details. An overview of Market-Making and Liquidity Provisioning at Eurex can be found on the Eurex website under the following link:
Trade > Market-Making and Liquidity provisioning
Please refer to Attachment 1 for the Equity Options that will have their Spread Class reviewed.
J. Products whose admission to trading will be cancelled
Please refer to Attachment 1 for the products.
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: | www.eurex.com | |
Authorized by: | Jonas Ullmann |
Market Status ⓘ
XEUR
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