On Feb. 1, Eurex issued latest reporting and position limits.
Eurex published circular 015/24 Euro Fixed Income Futures: Definition of reporting and position limits for Mar. 2024, position limits apply only to long positions of products.
follows Eurex Aug. 2023 defined Sep. 2023 reporting and position limits, see #181907.
Limits
Apply only to long positions in the front month contracts of the products concerned.
Reporting limits will be valid from Feb. 29, 2024 after close of trading to Mar. 4, 2024.
Position limits will be valid from Mar. 5, 2024, start of trading, until expiration of the March contract on Mar. 7, 2024, and long positions in Mar. 2024 contracts must therefore all be within the prescribed limits at start of trading on Mar. 5, 2024.
The measure by Eurex Deutschland is based on § 11 Para. 1 of Eurex Exchange Rules.
Limits will be monitored intraday by Trading Surveillance Office of Eurex Deutschland.
Required Action
In case the position limits have been exceeded, Exchange Participants are obliged according to § 11 Paragraph 5 of the Eurex Exchange Rules to submit a list of long positions in Eurex C7 Clearing GUI including clear names of customers to surveillance.
Immediate position adjustments should be made by using Trade Adjustment function (Open/Close Adjustment) instead of Position Close-Out, to avoid all late closing fees.
If position limits are exceeded, respective participants will be requested to specify a Eurex user ID that can be used by Eurex Deutschland to undo the exceeding of limits.
Reporting and Position Limits
Reporting and position limits for Mar. 2024 contracts in Euro Fixed Income Futures are:
On Apr. 24, 2024, Eurex published circular 040/2024 setting out position limits applicable to long positions in the front month contracts of the products concerned.
Reporting limits valid May 31, 2024 after trading close to Jun. 3, 2024 after close.
Position limits are valid from start of trading on Jun. 4, 2024 until expiration of the June contract on Jun. 6, 2024; long positions in the June 2024 contracts must therefore be within the prescribed limits at start of trading on Jun. 4, 2024.
The measure by Eurex Deutschland is based on § 11 Para. 1 of Eurex Exchange Rules.
Limits will be monitored intraday by Trading Surveillance Office of Eurex Deutschland.
In case the position limits have been exceeded, Exchange Participants are obliged according to § 11 Paragraph 5 of the Eurex Exchange Rules to submit a list of long positions in Eurex C7 Clearing GUI including clear names of customers to surveillance.
Immediate position adjustments should be made by using Trade Adjustment function (Open/Close Adjustment) instead of Position Close-Out, to avoid all late closing fees.
If position limits are exceeded, respective participants will be requested to specify a Eurex user ID that can be used by Eurex Deutschland to undo the exceeding of limits.
No change to reporting, position limits contracts in euro fixed income futures since Mar.
Jul. 2024 Reporting and Position Limits Sep. 2024
On Jul. 4, 2024, Eurex published circular 067/2024 setting out position limits applicable to long positions in the front month contracts of the products concerned.
Reporting limits valid Aug. 30, 2024 after trading close to Sep. 3, 2024 after close.
Position limits valid from Sep. 4, 2024, start of trading, until expiration of the Sep. contract on Sep. 6, 2024; long positions in September 2024 contracts must therefore be within the prescribed limits at start of trading on Sep. 4, 2024.
In case position limits have been exceeded, Exchange Participants are obliged according to § 11 Paragraph 5 of Eurex Exchange Rules to submit a list of long positions in Eurex C7 Clearing GUI including clear names of customers to surveillance.
Immediate position adjustments should be made by using Trade Adjustment function (Open/Close Adjustment) instead of the Position Close-Out, to avoid late closing fees.
If position limits are exceeded, respective participants will be requested to specify a Eurex user ID which can be used by Eurex to undo the exceeding of the position limits.
Oct. 2024 Reporting and position limits for Dec. 2024
On Oct. 7, 2024, Eurex published circular 101/2024 setting out position limits applicable to long positions in the front month contracts of the products concerned.
Reporting limits valid Nov. 29, 2024 after close of trading to Dec. 3, 2024 after close.
Position limits will be valid from Dec. 4, 2024, start of trading, until expiration of the December contract on Dec. 6, 2024; long positions in Dec. 2024 contracts must therefore be within the prescribed limits at start of trading on Dec. 4, 2024.
In case position limits have been exceeded, Exchange Participants are obliged according to § 11 Paragraph 5 of Eurex Exchange Rules to submit a list of long positions in Eurex C7 Clearing GUI including clear names of customers to surveillance.
Immediate position adjustments should be made by using Trade Adjustment function (Open/Close Adjustment) instead of the Position Close-Out, to avoid late closing fees.
If position limits are exceeded, respective participants will be requested to specify a Eurex user ID which can be used by Eurex to undo the exceeding of the position limits.
