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Three-Month EURIBOR Futures

Three-Month EURIBOR Futures (FEU3)

Product ISIN
DE0009653147
Currency
EUR

Latest

Prices/Quotes

Displayed data is 15 minutes delayed.Last trade:Feb 24, 2020 5:25:54 PM

Orderbook

Opening priceHighLowBid priceBid volAsk priceAsk volDiff. to prev. day lastLast priceDateTimeDaily settlem. priceTraded contractsOpen interest (adj.)Open interest dateLast trading day
n.a. n.a. n.a. 100.415 n.a. 100.430 n.a. +0.01% 100.425 02/24/2020 17:25:54 100.425 0 1,579 01/24/2020 02/24/2020

Statistics

Data is forFeb 24, 2020   Last update:Feb 25, 2020 12:00:00 AM

Product type:
F
Stock exchange:
n/a
Underlying closing price:
0
Delivery monthOpening priceDaily highDaily lowLast priceSettlem. priceTraded contractsOpen interestOpen interest (adj.)
Dec 20100.48100.48100.48100.48100.4750372322
Mar 200.000.000.000.00100.42501,5791,579
Apr 200.000.000.000.00100.43000
May 200.000.000.000.00100.435000
Jun 20100.45100.45100.45100.45100.445100840740
Jul 200.000.000.000.00100.45000
Aug 200.000.000.000.00100.455000
Sep 20100.465100.475100.465100.475100.46585593598
Dec 210.000.000.000.00100.4450219219
Mar 21100.475100.475100.475100.475100.4750438388
Jun 21100.475100.475100.475100.475100.46540193179
Sep 210.000.000.000.00100.450617617
Dec 220.000.000.000.00100.385011
Mar 220.000.000.000.00100.43033
Jun 220.000.000.000.00100.415000
Sep 220.000.000.000.00100.40403403
Dec 230.000.000.000.00100.315000
Mar 230.000.000.000.00100.365000
Jun 230.000.000.000.00100.35000
Sep 230.000.000.000.00100.330102102
Dec 240.000.000.000.00100.225000
Mar 240.000.000.000.00100.295000
Jun 240.000.000.000.00100.28000
Sep 240.000.000.000.00100.26000
Dec 250.000.000.000.00100.125000
Mar 250.000.000.000.00100.21000
Jun 250.000.000.000.00100.185000
Sep 250.000.000.000.00100.15000
Total     3255,3605,151

Vendor Codes

Vendor NameVendor Code
Bloomberg L.P.FPA Cmdty CT
ComStock<17>l,FEU3my
CQGFEU
SIX Financial Information LtdFEU3
Thomson FinancialFEU3/F.EX*
thomsonreuters<0#FEU3:>
vwd2704 & 2706

Trading

Contract Specifications

Version : 18 Mar 2016

Contract standards

European Interbank Offered Rate (EURIBOR) for three-month euro term deposits.

 

Contract size

EUR 1 million.

 

Settlement

Cash settlement, payable on the first exchange day following the final settlement day.

 

Price quotation and minimum price change

The price quotation is in percent, with four decimal places, expressed as 100 minus the traded rate of interest. The minimum price change is 0.0025 points, equivalent to a value of EUR 6.25.
The minimum price change for the different instrument types of the contract is:

 

Contract months

Up to 72 months: The six nearest successive calendar months and the 22 following quarterly months of the March, June, September and December cycle.

 

Last trading day and final settlement day

Last trading day is the final settlement day. Final settlement day is two exchange days prior to the third Wednesday of the respective maturity month, provided that on that day the European Money Markets Institute (EMMI) has determined the EURIBOR reference interest rate pertaining to three-month euro term deposits; otherwise, the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 11:00 CET.

 

Daily settlement price

The daily settlement price for the current maturity month of Three-Month EURIBOR Futures is derived from the volume-weighted average of the prices of all transactions during the minute before 17:15 CET (reference point), provided that more than five trades transacted within this period.

For the remaining maturity months, the daily settlement price for a contract is determined based on the average bid/ask spread of the combination order book.

 

Final settlement price

The final settlement price is established by Eurex on the final settlement day at 11:00 CET; based on the reference interest rate for three-month euro term deposits as determined by the European Money Markets Institute. To fix the final settlement price, the EURIBOR rate is rounded to three decimal places and then subtracted from 100.

 

Matching of trades (pro rata matching)

Orders and quotes are matched according to the principle of pro rata matching, which is exclusively based on the principle of price priority.

 

 

Three-Month EURIBOR Futures are available for trading in the U.S.

Trading Calendar

  • 01 Jan 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 10 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 13 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 13 Jan 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 28 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 28 Jan 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 14 Feb 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 17 Feb 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 17 Feb 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 13 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 16 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 16 Mar 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 16 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 17 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 17 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 17 Mar 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 17 Mar 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 09 Apr 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 09 Apr 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 10 Apr 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | Volatility Derivatives | FX Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 13 Apr 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 14 Apr 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 01 May 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 05 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 05 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 15 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for options on Three-Month EURIBOR Futures

  • 18 May 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 18 May 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 09 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 09 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 12 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 15 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 15 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Jun 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 16 Jun 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 16 Jun 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 10 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 13 Jul 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 13 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 21 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 21 Jul 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 14 Aug 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 17 Aug 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 17 Aug 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 11 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEU3)

  • 14 Sep 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEU3)

  • 14 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 14 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 15 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 15 Sep 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 15 Sep 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 16 Oct 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 19 Oct 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 19 Oct 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 03 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 03 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 13 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures

  • 16 Nov 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 16 Nov 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures

  • 11 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 14 Dec 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (OEM1-4)

  • 14 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month EURIBOR Futures

  • 14 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EUR Secured Funding Futures

  • 15 Dec 2020
    Money market derivatives | Delivery Day

    Delivery Day for Options on Three-Month EURIBOR Futures (standard)

  • 15 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for EONIA Futures

  • 15 Dec 2020
    Money market derivatives | Last Trading Day

    Last Trading Day for Three-Month SARON® Futures

  • 24 Dec 2020
    Volatility Derivatives | Property Derivatives | FX Derivatives | Interest Rate Derivatives | Equity Index Derivatives | Exchange Traded Products Derivatives | Equity Derivatives | Dividend Derivatives | Commodity Derivatives | Holiday

    Eurex is closed for trading in all derivatives

  • 25 Dec 2020
    Interest Rate Derivatives | Equity Derivatives | Equity Index Derivatives | Dividend Derivatives | FX Derivatives | Volatility Derivatives | Exchange Traded Products Derivatives | Commodity Derivatives | Property Derivatives | Holiday

    Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives

  • 31 Dec 2020
    Commodity Derivatives | Dividend Derivatives | Equity Derivatives | Exchange Traded Products Derivatives | Equity Index Derivatives | Interest Rate Derivatives | Property Derivatives | FX Derivatives | Volatility Derivatives | Holiday

    Eurex is closed for trading in all derivatives

Trading Hours

Regular Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0019:0019:0020:00
Last Trading Day
Pre-TradingTradingPost-Trading
FullLate1Late2Restricted
07:3008:0011:00

Transaction Fees

Fee TypeFee
Exchange transactions: Standard fees (A-accounts)EUR 0.20 per contract
TES transactions: Standard fees (A-, M- and P-accounts)EUR 0.30 per contract
Position Closing AdjustmentsEUR 0.40 per contract
Cash settlementEUR 0.20 per contract
Position transfer with cash transferEUR 7.50 per transaction

Block Trades

Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 100 contracts.

Parameters

Maximum Spreads

Maximum Spread (ticks)

12.00

Minimum Quote Size

Months

Maturity months

Minimum quote size

Quotation time

Package 1White months1-2
3-4
500 symmetrical

80% of the trading day
(08:00-17:00 CET)

Red months5-6
7-8
250 symmetrical
Green months9-10
11-12
100 symmetrical

60% of the trading day
(08:00-17:00 CET)

Package 2Blue months13-1650 symmetrical
Gold months17-2050 symmetrical

In Fast Market, the minimum quote size is reduced by 50 percent.

Market Makers

Mistrade Ranges

A deviation from the reference price shall be deemed significant if the price of the mistrade transaction deviates from the reference price by more than the higher value between the mistrade range floor or 20 percent of the PCP for the corresponding futures contract, unless another regulation has been made for an individual product.

The floor value for the mistrade range will be determined on a product level as the higher value between 10 percent of the corresponding outright futures mistrade range calculated using the price change percentile methodology and an absolute value of four ticks.

Crossing Parameters

(section 2.6 Eurex Trading Conditions)

(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.

(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.

(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.

(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).

(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.

Orderbook

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