021/2023: Derivatives on Cryptocurrencies: Introduction of Futures on FTSE Bitcoin Index in EUR and USD

1. Introduction

The Management Board of Eurex Deutschland took the following decisions with effect from 17 April 2023:

• Introduction of Futures contracts on FTSE Bitcoin Index in EUR and USD pursuant to Attachments 1 and 2
• Introduction of a Liquidity Provider scheme for the new products pursuant to Attachment 3

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: 17 April 2023

2. Required action

There is no action required for participation.

3. Details

A. Product overview

Please refer to Attachment 1 for the new products.

B. Contract specifications and product parameters

For the updated sections of the contract specifications, please see Attachments 1 and 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 > 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 product level in the attached Contract Specifications.

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. 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

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 (FSTK). For detailed information, please refer to the Eurex website under the following links:

Rules & Regs > Excessive System Usage Fee
Rules & Regs > 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
Data > Trading files > Position Limits

G. Transaction fees

Please refer to the Price List of Eurex Clearing AG on the Eurex Clearing website under the link:

Rules & Regs > Price List

H. 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

I. Liquidity Provisioning

Please refer to the attached Product Specific Supplement (Attachment 3) for details.

Attachments:

• 1 - Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
• 2 - Updated sections of the Annexes to the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland
• 3 - Product Specific Supplement (PSS) Equity 69 for Futures on FTSE Bitcoin Index

Further information

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