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歐洲期貨交易所103/22號通告 - 股指衍生品:推出DAX®德指微型選擇權及因應MDAX®中盤股指期貨/選擇權退市的合約細則修訂
1. 介紹
德國歐洲期貨交易所(Eurex Deutschland, 歐交所)管理委員會做出以下決定,並自2022年12月19日起生效:
引入DAX®德指微型選擇權
因應MDAX®中盤股指期貨/選擇權退市與合約細則修訂(F2MX/O2MX)(見附件1)
歐交所德國法蘭克福子公司 (Eurex Frankfurt AG)執行董事會做出以下決定,自2022年12月19日起生效:
對DAX®德指微型選擇權納入流動性提供商激勵機制(見附件2)
流動性提供商激勵機制中的股指第14條修訂(見附件3)
生產環境生效上線時間:2022年12月19日
本通告內容包括產品退市信息及德國歐交所相關規則/條例更新。
2. 應需措施
新產品適用目前現有股指衍生品交易和清算規則,因此無需特別措施。
3. 細節
A. 產品概覽
DAX®指數微型選擇權與目前現有DAX®德指選擇權(ODAX)僅在合約規模和合約期限有所不同。指數點價位為1歐元,最長合約期限為12個月。
B. 合約規格
新的微型選擇權合約規格與原ODAX合約相同,包括其產品交易時間、交易日曆、最後交易日、結算及每日/最終結算價確定方式。
產品信息如下:
DAX®德指微型選擇權
產品 | 指數 | 基準指數 ISIN編碼 | 產品ISIN編碼 | 歐交所 產品編碼 |
選擇權 | DAX® | DE0008469008 | DE000A3DX109 | ODXS |
德國歐交所期貨/選擇權合約的合約細則請參見附件1。
歐交所期貨/選擇權合約的最新完整版合約細則可於交易開始後在歐交所官方網站www.eurex.com查詢閱覽,鏈接如下:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
C. 是否納入歐交所 T7交易系統(TES)
新產品將不被納入歐交所 T7場外巨額交易系統(TES),只能通過電子盤訂單簿進行交易。
D. 風險參數
新產品的風險參數可於交易開始後在歐交所官方網站、歐交所清算公司官方網站查閱,鏈接如下:
Data > Clearing files > Risk parameters and initial margins
您可在如下鏈接中查閱有關符合Prisma資質的歐交所產品詳細信息:
E. 錯誤交易範圍
新產品的錯誤交易(Mis-trade)範圍和持倉限制可於交易開始後在歐交所官方網站查閱,鏈接如下:
F. 過限系統使用費與訂單交易比率
新產品的過限系統使用(Excessive System Usage)費及訂單量與實際執行比率(Order to Trade Ratio)相關定義與現有股指衍生品(OINX)規則基準一致。更多信息可查閱歐交所官方網站,鏈接如下:
Rules & Regs > Excessive System Usage Fee
Rules & Regs > Order to Trade Ratio
G.交易費用
詳情請參閱歐交所清算公司價格表,您可在歐交所清算公司官方網站www.eurex.com/ec-en/下載,鏈接如下:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
H.供應商編碼
供應商產品編碼可於交易開始後在歐交所官方網站查閱,鏈接如下:
Markets > Product Overview > Vendor Codes
I.流動性提供
請參考附件中產品特別補充文件(見附件2)。
J.合約細則修訂
由於MDAX®中盤股指期貨/選擇權(F2MX/O2MX)退市,合約細則已做出相應修訂。
附件:
附件1a/1b:德國歐交所期貨/選擇權合約的合約細則更新部分
附件2:DAX®德指微型選擇權的產品特定補充文件(PSS)股指68
附件3:迷你MDAX®中盤股指、TecDAX®和DivDAX®等指數的選擇權產品特定補充文件(PSS)股指
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XEUR
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