ICE: Three Month Euribor Futures Packs and Bundles Price Methodology Change
April 18
ICE is introducing the change to the pricing methodology of Three Month Euribor® Futures Packs and Bundles Strategy (“the Strategy”). This change will be effective from Monday 18 April 2022. The minimum price increment for the Strategy will be 0.00125 index points. The change in the minimum price increment will impact the prices for the order entry, book updates and the settlement prices.
TT will automatically handle the changes to the minimum price increment for the affected Strategy instruments. The changes are already available in the UAT environment and can be tested now by the interested customers.
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ICE: Three Month Euribor Futures Packs and Bundles Price Methodology Change
April 18
ICE is introducing the change to the pricing methodology of Three Month Euribor® Futures Packs and Bundles Strategy (“the Strategy”). This change will be effective from Monday 18 April 2022. The minimum price increment for the Strategy will be 0.00125 index points. The change in the minimum price increment will impact the prices for the order entry, book updates and the settlement prices.
TT will automatically handle the changes to the minimum price increment for the affected Strategy instruments. The changes are already available in the UAT environment and can be tested now by the interested customers.
Continue Reading →
CME: Good Till Cancel Order Eliminations for User-Defined Spreads (UDS)
April 1
To facilitate internal maintenance, customers must cancel all Good Till Cancel orders for User-Defined Spreads by the close on Friday, April 1. All remaining GTC orders for UDS will be eliminated by CME after the close on Friday. As a result, all listed UDS will naturally expire that weekend.
Customers can create UDS as usual starting Sunday, April 3.
Additional Resources
UDS Expiration and Extension
User Defined Spread – UDS
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March 28
Nasdaq has delayed this migration to March 28th.
High level details on this initiative from the exchange:
Nasdaq is migrating our Nordic Equity Derivatives markets, currently on the Genium INET platform, to a new Global Derivatives Trading System based on INET technology that leverages our Nasdaq Financial Framework (NFF). This Nasdaq next-generation platform is a solution based on global financial standards, for stable, flexible and high-speed services. The new framework with its powerful core technology and standardized access to Nordic liquidity, will in the coming years be the common technical platform utilized across all Nasdaq’s U.S. and European markets and asset classes.
The migration of equity derivatives to the new trading platform is scheduled for implementation on March 28, 2022. Please note that equity derivatives will continue to be cleared in Genium INET after the trading re-platform.
Additional details may be found here.
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Eurex: Tick Size Change for FESX Outright Futures Contracts
March 18
Eurex is increasing the minimum price change (tick) in outright contracts in EURO STOXX 50 Index Futures (FESX) with effect from March 21, 2022.
The new tick will be 1.0 index points (currently 0.5 index points).
The tick value will increase from EUR 5 to EUR 10.
All orders and quotes in product FESX will be deleted on March 18 after the close of trading, and, where required, have to be re-entered into the order book.
The tick size for FESX Futures Calendar Spreads will remain at .25 and the tick value for FESX Futures Calendar Spreads will remain at EUR 2.50.
Additional Resources
Eurex Circular
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