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16 Aug 2024

Eurex

Equity Index Derivatives: Introduction of Futures on STOXX® US indices

Eurex Circular 082/24 Equity Index Derivatives: Introduction of Futures on STOXX® US indices

1. Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from 9 September 2024:

  • Futures contracts on four STOXX® US Indices (STOXX® USA 500, STOXX® US 2000, STOXX® USA Titans 30 and STOXX® US Nexus 100) will be admitted for trading at Eurex Deutschland.
  • The Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be amended according to Attachment 2.

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: 9 September 2024

2. Required action

There is no action required for participation.

3. Details of the initiative

A.    Product overview

Please refer to Attachment 1 for an overview of the new products.

B. Contract specifications and product parameters

For the detailed Contract Specifications, please see the Attachment 2.

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. 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 a product level in the attached Contract Specifications in Attachment 2.

An overview of the Eurex T7 Entry Services available for the products as well as detailed information on a 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. 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:

Services > Risk parameters

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. 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:

Markets > Product Overview

G. Transaction fees

For the transaction fees for the new products, please refer to the Price List of Eurex Clearing AG available for download on the Eurex Clearing website www.eurex.com/ec-en/ under this 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

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


Attachments:

  • 1 – Overview of the new products
  • 2 – Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  • 3 – Updated sections of the Annexes to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland

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: 

Randolf Roth


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