A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decisions with effect from Monday, 4 August 2025:
Production start: 4 August 2025
This circular contains all information on the trading-related updates as stated above and the updated sections of the relevant Rules and Regulations of Eurex Deutschland.
2. Required action
Participants are recommended to completely analyze the potential impact in their internal systems and procedures of the above changes.
3. Details
Please refer to Attachment 1 for the Introduction of SMI® Index Total Return Futures.
A. Contract specifications and product parameters
For the detailed contract specifications, please see Attachments 2 and 3.
The complete version of the updated Contract Specifications can be found on the Eurex website www.eurex.com under the following path:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
B. Admission to the T7 Entry Services (TES)
The new products will be admitted to the T7 Entry Services (TES). You can find the minimum block trade sizes on product level in the attached Contract Specifications (Attachment 2).
An overview of the 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 T7 Entry Services is available on the Eurex website www.eurex.com under the link:
Data > Trading files > T7 Entry Service parameters
C. Transaction fees and maintenance fees
The transaction and maintenance fees for the new products can be retrieved from the updated sections of the Price List of Eurex Clearing AG, as outlined in Attachment 2 to Eurex Clearing Circular 064/25. The full version of the updated Price List will be published on the Eurex Clearing website www.eurex.com/ec-en/ under the link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
D. 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
E. 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:
You will also find an updated list with details regarding Prisma-eligible Eurex products under this path.
F. Mistrade parameters
Mistrade ranges and position limits for the new products will be published as of start of trading on the Eurex website under the link:
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Related circular: | Eurex Clearing Circular 064/25 | |
Contact: | Stuart Heath, Equity & Index Product Design, tel. +44-207-862-72 53, stuart.heath@eurex.com, | |
Web: | ||
Authorized by: | Jonas Ullmann |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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