A member of
Eurex
1. Introduction
With effect from 14 July 2025, the following additional product will be activated for tradability in the U.S.:
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MSCI Vietnam Index Futures (USD, NTR) | FMVN | USD | Cash USD | Cash USD - CFTC |
With effect from 14 July 2025, U.S. direct access tradability of the following product will be withdrawn for U.S. Eurex Participants:
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STOXX® Europe 600 Insurance Futures | FSTI | EUR | Cash/Physical EUR - CFTC | Cash/Physical EUR |
2. Required action
All Trading Participants that have open positions in STOXX® Europe 600 Insurance Futures must comply with applicable Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulation once these Futures contracts transition to Foreign Security Futures Products (FSFPs).
3. Details
A. Tradability of additional derivatives
Eurex Deutschland has received approval from the “Commodity Futures Trading Commission” (CFTC) to offer trading of additional Futures in the U.S., so that these contracts can be made available for trading in the U.S.
The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:
The corresponding new "capacity group" for MSCI Vietnam Index Futures is “Cash USD – CFTC” (previously: “Cash USD”).
According to Eurex Deutschland's registration as a "Foreign Board of Trade", the above-mentioned products can be offered or sold to persons in the U.S. via Eurex terminals with direct access in the U.S.
B. Upcoming transition from non-narrow-based to narrow-based and withdrawal of U.S. direct access
The STOXX® Europe 600 Insurance Futures will transition from non-narrow-based security index futures to narrow-based security index futures effective at the close of trading of 22 July 2025. Accordingly, the CFTC will be withdrawing its non-narrow-based certification for the contracts at this upcoming date.
After the close of trading on 22 July 2025, STOXX® Europe 600 Insurance Futures contracts will be security futures and must therefore be traded in accordance with both the U.S. securities and commodity futures laws.
Eurex Exchange notes that, in order to ensure compliance, its 14 July 2025 withdrawal of direct access tradability for U.S. Eurex Participants is in advance of the official date of the STOXX® Europe 600 Insurance Index’s transition to a narrow-based security index.
All Trading Participants are reminded that all trading of eligible FSFPs for U.S. accounts must comply with the 2009 SEC Order, the Commodity Exchange Act, and the terms of Eurex Circular 105/21.
The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:
The corresponding new "capacity group" for STOXX® Europe 600 Insurance Futures is "Cash/Physical EUR" (previously: "Cash/Physical EUR - CFTC").
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 or Rachna Mathur: rachna.mathur@eurex.com Equity and Index Sales America, tel. +1 212 309 93 08 | |
Related circular: | Eurex Circular 105/21 | |
Web: | www.eurex.com | |
Authorized by: | Jonas Ullmann |
Market Status ⓘ
XEUR
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