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26 May 2025

Eurex

Equity Index Derivatives: STOXX® Europe 600 Utilities Futures: Upcoming transition from non-narrow-based to narrow-based and withdrawal of U.S. direct access tradability

Eurex Circular 046/24 Equity Index Derivatives: STOXX® Europe 600 Utilities Futures: Upcoming transition from non-narrow-based to narrow-based and withdrawal of U.S. direct access tradability

1. Introduction

With effect from 16 June 2025, U.S. direct access tradability of the following products will be withdrawn for U.S. Eurex Participants:

Product Name	Product ID	Currency	Previous Capacity Group	New Capacity Group
STOXX^® Europe 600 Utilities Futures	FSTU	EUR	Cash/Physical EUR - CFTC	Cash/Physical EUR

2. Required action

All Trading Participants that have open positions in STOXX^® Europe 600 Utilities Futures must comply with applicable Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulation once these Futures contracts transition to Foreign Security Futures Products (FSFPs).

3. Details of the initiative

The above STOXX^® Europe 600 Utilities Futures will transition from non-narrow-based security index futures to narrow-based security index futures effective at the close of trading of 20 June 2025. Accordingly, the CFTC will be withdrawing its non-narrow-based certification for the contracts at this upcoming date.

After the close of trading on 20 June 2025, STOXX^® Europe 600 Utilities Futures contracts will be security futures and must therefore be traded in accordance with both the U.S. securities and commodity futures laws.

Eurex Exchange notes that, in order to ensure compliance, its 16 June 2025 withdrawal of direct access tradability for U.S. Eurex Participants is in advance of the official date of the STOXX^® Europe 600 Utilities Index’s transition to a narrow-based security index.

All Trading Participants are reminded that all trading of eligible FSFPs for U.S. accounts must comply with the 2009 SEC Order, the Commodity Exchange Act, and the terms of Eurex Circular 105/21.

The multicast addresses for data distribution remain unchanged. However, the following changes have been made for the port numbers:

Snapshot messages: Port change from 59000 to 59032
Incremental messages: Port change from 59001 to 59033

The corresponding new "capacity group" for STOXX^® Europe 600 Utilities Futures is "Cash/Physical EUR" (previously: "Cash/Physical EUR - CFTC").

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 Circular 105/21
Contact:		client.services@eurex.com
Web:		www.eurex.com
Authorized by:		Jonas Ullmann

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