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Market participants need to efficiently move between cash and derivative markets. To meet market demand, Eurex has introduced a new order type, the Trade at Index Close. This order type supports the entry of off-book trades in equity index futures and Credit Index Futures based on the combination of the next available index closing price plus basis.
In other words, two Eurex Trading Participants, having agreed on relevant details for a futures transaction in equity index futures or Credit Index Futures that are priced by reference to a prospective closing level of the underlying index plus basis (guaranteed price), can enter the relevant information for this transaction via the Exchange for Physicals (EFP-I) Service. The order information for the trade has to be entered as soon as the daily underlying index close price is available and all trade details have been reconfirmed by the involved counterparties. The final futures price is determined by adding the basis to the index close.
Trades at Index Close at Eurex …
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.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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