Eurex Frankfurt AG

09/16/2021 | News release | Distributed by Public on 09/16/2021 08:19

087/2021: Equity index derivatives: Introduction of options on the EURO STOXX 50® ESG Index with weekly expiries and month-end-expiries

Equity index derivatives: Introduction of options on the EURO STOXX 50® ESG Index with weekly expiries and month-end-expiries

Eurex Circular 087/21 Equity index derivatives: Introduction of options on the EURO STOXX 50® ESG Index with weekly expiries and month-end-expiries

1. Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from 18 October 2021:

  • Introduction of options on the EURO STOXX 50® ESG Index with weekly expiries and month-end-expiries
  • Introduction of a Liquidity Provider Scheme for the new products (as of 18 October 2021)

Production start: 18 October 2021

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.

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

Attachment 1 contains an overview in table format.

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 and Regulations > Contract Specifications

C. Trading hours

Please refer to Attachment 1 for the trading hours.

D. Trading calendar

Options on STOXX Indices will be available for trading on every exchange trading day at Eurex Deutschland. As of start of trading, the trading days can be retrieved from the trading calendar on the Eurex website under the following link:

Trade > Trading calendar

E. Product group

The product group for the new products is contained in Attachment 1.

F. Liquidity Provider Scheme

As of 18 October 2021, a Liquidity Provider (LP) Scheme 'Equity Index 64 - Product Specific Supplement for Weekly Options and for Options with Month-End-Expiries on EURO STOXX 50® ESG Index' will be introduced for the new products.

Please refer to the PSS document in Attachment 3 for the quote parameters and all further information.

G. 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 equity index derivatives. For detailed information, please refer to the Eurex website under the following links:

Markets > Equity Index or

Rules & Regs > Excessive System Usage Fee or

Rules & Regs > Order to Trade Ratio

H. Mistrade parameters and vendor codes

Mistrade ranges and vendor codes for the new index options will be published as of start of trading on the Eurex website under the link:

Markets > Equity Index > ESG Derivatives

I. Transaction fees and rebates

For the new STOXX derivatives the same transaction fees will apply as for the corresponding existing products. For details, please refer to the Price List of Eurex Clearing AG available for download on the Eurex website under this link:

Rules & Regs > Eurex Rules & Regulations > Price List

J. Admission to the Eurex T7 Entry Services (TES)

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:

Trade > Eurex T7 Entry Services

The new derivatives on STOXX indices will be admitted to the TES with the parameters listed in Attachment 1.

K. 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 link:

Services > Risk parameters

Under this link, an updated list is available with details regarding Prisma-eligible Eurex products.

Attachments:

  1. Tables regarding A. Product overview, B. Contract specifications, C. Trading hours, E. Product group
  2. Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
  3. Product Specific Supplement (PSS) 'Equity Index 64 - For Weekly Options and for Options with Month-End-Expiries on EURO STOXX 50® ESG Index'

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:

Achim Karle, Equity & Index Sales, tel. +49 69 2 11-1 87 57, [email protected];
Christine Heyde, Equity & Index Product Design, tel. +49-69-211-1 56 98, [email protected]

Web:

www.eurex.com

Authorized by:

Randolf Roth