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Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from 28 March 2022:
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.
Simulation start: 25 February 2022
Production start: 28 March 2022
Learn now more about the Eurex Weekly KOSPI Options Support on our dedicated initiative page under the following link: Support > Initiatives & Releases > Project Readiness > Eurex Weekly KOSPI Options Support. System documentation, circulars, timeline and much more information are available there for you.
2. Required action
There is no action required from Trading Participants who are already participating in Eurex KRX Link Products.
If there are any further questions, please get in touch with your Key Account Manager or via e-mail to: client.services@eurex.com.
3. Details
A. Product overview
Please refer to Attachment 1 for the products.
B. Contract specifications and product parameters
For general product parameters, please find an overview in table format in Attachment 1.
For the detailed Contract Specifications, please see Attachment 2.
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 > Contract Specifications
C. Admission to the Eurex T7 Entry Services (TES)
The new products will be admitted to the Eurex T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the Contract Specifications in Attachment 2.
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 utilization and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the link:
Data > Trading files > T7 Entry Service parameters
D. Simulation
The Eurex Daily Futures on KOSPI 200 Weekly Options (OKW1/3/4/5) will be available in the simulation environment as of 25 February 2022.
E. 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 link.
F. 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 (FSTK and OSTK). For detailed information, please refer to the Eurex website under the following links:
Rules & Regs > Excessive System Usage Fee or
Rules & Regs > Order to Trade Ratio
G. 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 following link:
Markets > Equity Index > Eurex KOSPI Products or
Markets > Product overview > Contract Specs
H. Transaction limits
The same values apply as for existing products with the relevant Eurex group ID. For details, please refer to the Eurex website under the link:
Rules & Regs > Excessive System Usage Fee
I. Transaction fees
Transaction fees listed in Attachment 1 will apply. For details, please refer to the current Price List of Eurex Clearing AG, available on the Eurex Clearing website under the following link:
Rules & Regs > Eurex Clearing Rules & Regulations > Price List
J. Vendor codes
As of start of trading, vendor codes for the new products will be published on the Eurex website under the link:
Markets > Product Overview > Vendor Codes
K. Liquidity Provisioning
Please refer to Attachment 3 for the Liquidity Provisioning.
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: | Support > Initiatives & Releases > Product Readiness > Eurex Weekly KOSPI Options Support | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
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.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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