富拓外匯Circulars & Mailings http://virtuehosts.com/asia-01 期貨交易模擬系統Eurex Exchange Readiness Newsflash | Updates April 2020 http://virtuehosts.com/group-en/newsroom/circulars/Eurex-Exchange-Readiness-Newsflash-Updates-April-2020-1881920 Dear Eurex Participant, With this Newsflash, we would like to draw your attention to the upcoming publications, events and necessary actions for the ongoing initiatives: 01 Apr Changes in the General Supplement, the parameter files for quotation requirements and spread classes  Change of the “General Supplement to the Liquidity Provider Agreement?to incorporate amendments with regards to Eurex EnLight, and Change of files containing the parameters for quotation requirements of Liquidity Providers/Market-Makers 01 Apr Equity derivates: Introduction of Liquidity Provider schemes Production start of the new Liquidity Provider scheme. 06 Apr  Eurex EnLight: Product scope extension Eurex Dividend Derivatives will become available for trading on Eurex EnLight. 06 Apr Preliminary Release Notes for T7 Release 8.1 now available  The Cloud Simulation start is planned for 6 April 2020. 06 Apr  Equity index derivatives: Introduction of further MSCI index derivatives  Introduction of 14 futures and two options on MSCI indices Inclusion of the new products into the existing Liquidity Provider Schemes 14 Apr Eurex Improve - Joint usage of Eurex Improve by affiliated Exchange Participants Eurex Improve can also be jointly used by different, but affiliated Exchange Participants and hence independent of the individual organisational set-up of an Exchange Participant. If you have any questions or comments, please do not hesitate to contact us at: client.services@eurexchange.com. Kind regards, Your Client Services Team Recipients: All Trading Participants of Eurex Deutschland and Vendors Contact: client.services@eurexchange.com Web: Eurex Initiatives pages Wed, 01 Apr 2020 07:45:00 GMT 2020-04-01T07:45:00Z 萬達外匯Equity index options: Extension of non-disclosure limits to index options on DAX庐, Euro STOXX庐 Banks and SMI庐 http://virtuehosts.com/group-en/newsroom/circulars/circular-1853792 1. Introduction The Management Board of Eurex Deutschland decided with effect from 4 May 2020 to extend non-disclosure limits to index options on DAX®, Euro STOXX® Banks and SMI®. 2. Required action There is no action required. 3. Details A. Non-disclosure limits Non-disclosure is an existing, optional service for EnLight and TES Block Trade transactions with very high transaction volumes. This service is already offered for index options on the Euro STOXX® 50 or Single Stock Futures, among others. Non-disclosure is an optional feature for transactions above a certain volume threshold. Where this threshold is reached or exceeded, the entering trader of bilateral TES or EnLight trades can select intraday publication or non-disclosure by Eurex Exchange’s T7 for these trades. The default setting for transactions above a certain volume threshold is set to non-disclosure in T7. Effective 4 May 2020, the following non-disclosure limits will apply: Product   Non-disclosure limit ODAX   5,000 contracts OESB   50,000 contracts OSMI   2,500 contracts As of the effective date, Eurex Clearing will introduce transaction fees for individual non-disclosed TES or Eurex EnLight trades in the above-mentioned index options (see Eurex Clearing circular 028/20 and the attachment). In this context, the following provision of the Price List of Eurex Clearing AG will be deleted as outlined in the attachment: Number 3.1 Attachment: Updated sections of the Price List of Eurex Clearing AG (valid as of 4 May 2020) 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: Product R&D Equity and Index, Tobias Ehinger, tel. +49-69-211-1 23 13,  tobias.ehinger@eurexchange.com Web: www.eurexchange.com Authorised by: Michael Peters Mon, 30 Mar 2020 22:00:00 GMT 2020-03-30T22:00:00Z 群益外匯王pttEurex Exchange Readiness Newsflash | Reduction of simulation batches in T7 http://virtuehosts.com/group-en/newsroom/circulars/Eurex-Exchange-Readiness-Newsflash-Reduction-of-simulation-batches-in-T7-1884138 Dear Eurex Participant, With this Newsflash we would like to provide some T7 simulation updates for the Cash and Derivatives Markets. Deutsche Börse and Eurex Exchange are fully aware of the challenges imposed by the highly volatile environment in the recent weeks and have therefore decided to reduce the number of batches performed in the T7 simulations. For the calendar weeks 15, 16 and 17 of 2020 the simulation batches for the T7 Cash and Derivatives Markets have been reduced and will hence take place once a week, namely on Wednesdays. The current simulation calendar has been amended accordingly and is now reflecting changes for week 15 and 16. The forthcoming simulation calendars starting with calendar week 17 (starting 20 April to 30 August 2020) will be published within the first weeks in April. If you have any further questions or comments please do not hesitate to contact your Key Account Manager or send an email to client.services@eurexchange.com. Kind regards Your Client Services Team Recipients: All Trading Participants of Eurex Deutschland and Vendors Target groups: Traders, Technical Contacts, System Administrators, Security Administrators, General  Contact: client.services@eurexchange.com Web: Eurex Initiatives pages Mon, 30 Mar 2020 09:00:00 GMT 2020-03-30T09:00:00Z 黃金投資討論ETF derivatives: Reduction of strike price intervals and amendment of spread class http://virtuehosts.com/group-en/newsroom/circulars/circular-1880056 1. Introduction The Management Board of Eurex Deutschland took the following decisions for ETF options: Reduction of strike price intervals with effect from 30 March 2020   Amendment of spread class with effect from 1 May 2020 For implementation of the decisions, the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be amended in accordance with Attachment 1 and Product Specific Supplement for Options on ETFs in accordance with Attachment 2. Production start: 30 March 2020 2. Required action There is no action required. 3. Details Please refer to the attachments for details. Attachments: 1 – Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland 2 – Product Specific Supplement for Options on ETFs 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@eurexchange.com Web: www.eurexchange.com Authorised by: Michael Peters Tue, 24 Mar 2020 23:15:00 GMT 2020-03-24T23:15:00Z 外匯分析員Equity index derivatives: Introduction of further MSCI index derivatives http://virtuehosts.com/group-en/newsroom/circulars/Equity-index-derivatives-Introduction-of-further-MSCI-index-derivatives-1849096 1. Introduction The Management Board of Eurex Deutschland took the following decisions with effect from 6 April 2020: Introduction of 14 futures and two options on MSCI indices Inclusion of the new products into the existing Liquidity Provider Schemes (as of 4 May 2020) Production start: 6 April 2020 2. Required action There is no required action for participation. 3. Details of the initiative A. Product overview For the product overview, please refer to Attachment 1.  B. Contract specifications Please find an overview in table format in Attachment 1.  For the detailed Contract Specifications, please see Attachment 2. The updated Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland will be published on the Eurex website www.eurexchange.com as of start of trading under the following link: Resources > Rules and Regulations > Contract specifications C. Trading hours For the trading hours, please refer to Attachment 1.  D. Trading calendar Futures on MSCI indices are available on each trading day at Eurex Deutschland. The exact trading days can be found from the start of trading in the trading calendar published on the Eurex website under the link: Trading > Trading calendar E. Product group The product group for the new products can be found in Attachment 1. F. Liquidity Provider scheme Effective 4 May 2020, the new MSCI Derivatives will be included into the existing Liquidity Provider (LP) schemes. The quotation parameters as per Attachment 1 will apply. All further information can be found in the attached PSS documents (Attachments 3 and 4). G. Excessive System Usage Fee and Order to Trade Ratio The Excessive System Usage Fee and the Order to Trade Ratio are determined in line with the existing Equity Index Derivatives (FINX). For further information, please refer to the Eurex website under the following links: Products > Equity index derivatives  Technology > Excessive System Usage Fee  Technology > Order to Trade Ratio H. Mistrade parameters Mistrade ranges for the new index futures will be available for download on the Eurex website as of start of trading under the following link:  Products > Equity index derivatives > MSCI Indexes I. Data vendor codes At start of trading, vendor codes for the new products will be published on the Eurex website under the link: Products > Vendor product codes J. Transaction fees and rebates For the newly listed MSCI products, the standard fees for MSCI derivatives will also apply. Further details can be found in the current Price List of Eurex Clearing AG which is available for download on the Eurex website under the following link: Resources > Rules and Regulations > Price list K. 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 utilisation and minimum entry size for the various Eurex T7 Entry Services is available on the Eurex website under the following link: Trading > Market models > Eurex T7 Entry Services > T7 Entry Service parameters The new derivatives on the MSCI indices will be admitted to the TES with the parameters stated in Attachment 1. L. Risk parameters As of start of trading, risk parameters of the new products will be published on the Eurex website under the link:  Market data > Clearing data > Risk parameters and initial margins and on the Eurex Clearing website www.eurexclearing.com under the link: Risk management > Risk parameters There, you will also find an up-to-date list with details for all Prisma-eligible Eurex products. Attachments: 1 ?Details regarding product overview, contract specifications, trading hours, product group, Eurex T7 Entry Services 2 ?Updated sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland 3 ?Product Specific Supplement (PSS) to the Liquidity Provider Scheme for MSCI Futures 4 ?Product Specific Supplement (PSS) to the Liquidity Provider Scheme for MSCI Options Further information Recipients: All Trading Participants of Eurex Deutschland and Vendors Target group: Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination Contact: Product R&D Equity and Index, Ralf Huesmann, tel. +49-69-211-1 54 43, ralf.huesmann@eurexchange.com Authorised by: Michael Peters Tue, 24 Mar 2020 23:00:00 GMT 2020-03-24T23:00:00Z