Info Flashes

Derivatives info-flashes prior to 2014 can be found here

Date Title Project
17 Nov 2017 MiFID II: availability of Market Making Schemes and online Market Making Registration Process MiFID II/MiFIR expand
Executive summary:

IF20171117CADE
Further to the publication of the Market Making Agreement on 26 October 2017, Euronext is pleased to announce the publication of MiFID II compliant Market Making Schemes. The Schemes, available for equities, ETFs, ETF options, equity options and futures, equity index options and futures, will apply as of 3 January 2018.

In addition, Euronext is pleased to announce the availability of a new online Market Making registration process as of 21 November 2017. All Euronext Members pursuing Market Making activities are required to submit a completed Registration Form before 3 January 2018.


03 Nov 2017 Release of MiFID II Migration Guidelines and supporting materials MiFID II/MiFIR expand
Executive summary:

IF20171103CADE
Euronext has released MiFID II Migration Guidelines to inform clients about the procedures and timelines to implement MiFID II requirements for Euronext Cash and Derivative Markets running up to 3 January 2018. To assist clients in their MiFID II readiness, Euronext has additionally published the following supporting materials:

  • updates to the MiFID II Implementation Guide for Cash Markets
  • updates to the MiFID II Technical Note for Derivatives Markets
  • guidelines for Transaction Reporting (RTS 22) and Order Record Keeping (RTS 6), for activity conducted on Euronext Regulated Markets
  • online checklist for MiFID II Readiness on Euronext Markets.

02 Nov 2017 MIFID II: Mandatory Registration Form now available for SLC Manager, Commodity Position Reporting and Non-MiFID Member Reporting MiFID II/MiFIR expand
Executive summary:

IF20171102CADE
Euronext informs Members that the Registration Form is now available for the mandatory Euronext Regulatory Reporting Solution, covering: Short Long Code (SLC) Manager, Commodity Position Reporting, and Non-MiFID Member Reporting. All Euronext Members are required to submit the completed Registration Form by 4 December 2017 to Euronext Membership in order to obtain access to the production environment of the mandatory Regulatory Reporting Solution. Euronext additionally announces the release of the Terms and Conditions governing access to and use of the Regulatory Reporting Solution.


30 Oct 2017 Euronext to prolong NMP scheme on PARIS commodity contracts until 31/12/2017 Products expand
Executive summary:

IF20171030DE  - Euronext informs customers that the new market participants (NMP) incentive scheme, launched on 1st November 2016 will be extended until 31st December 2017 (2 month). This extension of the NMP scheme will cover Paris Commodity Futures and Options contracts.


27 Oct 2017 New trading platform access agreement and, algorithm and conformance testing policies MiFID II/MiFIR, Optiq expand
Executive summary:

IF20171027CADE
A new Trading Platform Access Agreement (TPAA) will come into effect with the production implementation of the Optiq trading platform for Cash and Derivatives markets.

In parallel, the new policies on Algorithm Testing and Conformance Testing are now available. Cash and Derivatives Members will need to comply with these policies as of 3 January 2018.


26 Oct 2017 MiFID II: Updated Euronext Market Making Agreement MiFID II/MiFIR expand
Executive summary:

IF20171026CADE
In accordance with MiFID II requirements, Euronext introduces a new Market Making Agreement applicable to all Euronext tradable instruments from 3 January 2018.
Euronext Members pursuing market making activities are required to review its new General Terms and Conditions and to submit the completed Registration Form, available on the Euronext website, before 3 January 2018.


26 Oct 2017 Extension of Liquidity Provider Programmes for the Amsterdam and Brussels Derivatives Markets Products expand
Executive summary:

IF20171026DE
This Info-Flash informs members of the extension of the Amsterdam and Brussels Liquidity Provider Programmes for AEX-Index®, BEL 20® and PSI 20® Index Options Contracts; BEL 20® Index Futures Contracts; Individual Equity Options Contracts; Spotlight Options; Currency Options and Futures and ETF Options. The Liquidity Provider Programmes run from 1 November 2017. Euronext invites members to apply to participate in one or more of the Liquidity Provider Programmes.


20 Oct 2017 2018 Holiday Calendar for Euronext's Cash and Derivatives Markets General expand
Executive summary:

IF171020 CADE
The 2018 holiday calendar for Euronext’s Cash and Derivatives markets is detailed below.


17 Oct 2017 Liquidity Provider Programme for Individual Equity Options on German shares Products expand
Executive summary:

IF20171017DE
This Info-Flash informs members of the introduction of a Liquidity Provider Programme for Individual Equity Option Contracts on German shares and invites members to apply to participate. The Programme will come into effect on 27 October 2017.


13 Oct 2017 Large-in-scale minimum size threshold for strategy trades for options on German underlyings on the Amsterdam market General expand
Executive summary:

IF20171013DE_2
Euronext announces that the Large-in-Scale minimum threshold for strategy trades for options on German underlyings will be equal to the applicable Large-in-Scale minimum threshold per underlying.


11 Oct 2017 Additional extra competitive market maker roles General expand
Executive summary:

IF2011011DE
Euronext will introduce the Extra Competitive Market Maker (CMX) role for a subset of additional option classes in the Amsterdam Derivatives Market. This Info-Flash informs Members of the relevant details regarding this role.


29 Sep 2017 MiFID II – Release of final implementation schedule, documentation and onboarding procedures for SLC Manager, Non-MiFID member reporting and Commodity Position Reporting MiFID II/MiFIR expand
Executive summary:

IF20170929CADE
Euronext is pleased to announce the final implementation schedule, documentation and onboarding procedures for MIFID II regulatory reporting functionalities: Short Long Code (SLC) Manager, Non-MiFID Member Reporting, and Commodity Position Reporting.


25 Sep 2017 MIFID II: Final implementation schedule, technical documentation and implementation guidelines MiFID II/MiFIR expand
Executive summary:

IF20170925CADE
Euronext announces the release of the final implementation schedule, technical documentation and implementation guidelines for MiFID II requirements on Euronext Cash Markets and Euronext Derivative Markets. A separate communication will follow to announce the final implementation schedule, documentation and onboarding procedures for Euronext’s MiFID II APA/ARM Publication and Reporting Services, including the Short Long Code (SLC) Manager. Euronext expects to announce the MiFID II Migration Strategy in the second half of October 2017.


19 Sep 2017 Order-to-trade ratio: calculation and monitoring by Euronext MiFID II/MiFIR expand
Executive summary:

IF20170919CADE
As required by MiFID II, Euronext will calculate and monitor the order-to-trade ratio of unexecuted orders to transactions on the basis of both ‘volumes’ and ‘numbers’. This communication details the limits to be applied for Euronext Cash and Derivatives Markets.


18 Sep 2017 MIFID II Commodities Position Reporting MiFID II/MiFIR expand
Executive summary:

IF20170918DE
Euronext is pleased to announce the availability of Commodity Position Reporting technical specifications on our website.
Euronext Securitized Derivatives (including Warrants and Certificates and Structured Notes) with a commodity underlying are out of scope for Commodity Position Reporting.


18 Sep 2017 PRIIPS regulation and key information documents for Euronext derivatives markets General expand
Executive summary:

IF20170918DE_2
Euronext is pleased to announce details of the PRIIPs Key Information Documents provision process for its derivatives markets, available in Q4 2017.


15 Sep 2017 Updated Launch Schedule for Introduction of Total Return Futures on CAC 40 Index Products expand
Executive summary:

IF20170915DE
An updated launch schedule is announced for the introduction of Total Return Futures on the CAC 40® index, to allow more time for member readiness. The new service opening date will be communicated in Q4 2017. The contract is already available for testing in the EUA environment


14 Sep 2017 Tick size validation Change in Guaranteed Cross facility in Amsterdam and Brussels Derivatives Markets Products expand
Executive summary:

IF20170914DE
Effective Monday 18 September 2017, Euronext will change the tick size validation process in the Guaranteed Cross  (GXT) facility in the Amsterdam and Brussels Derivatives Markets to take place ex-post instead of at order entry


12 Sep 2017 EUA environment availability for MIFID II on Euronext derivatives markets and start of conformance testing MiFID II/MiFIR expand
Executive summary:

IF20170912DE
Euronext is pleased to confirm that as of Wednesday 13 September 2017, the MiFID II changes to order entry for the Euronext Derivatives Markets will be available in the P-EUA environment. Customers who have not completed their order entry development for the Euronext Derivatives Markets and who are finalising their testing on Optiq® Market Data Gateway (MDG) for Derivatives are invited to contact the Optiq Support Desk who will inject orders on their behalf.


08 Sep 2017 MiFID II & Optiq: updated technical specifications for Optiq Market Data Gateway (MDG) and Order Entry Gateway (OEG) MiFID II/MiFIR, Optiq expand
Executive summary:

IF20170908
Euronext announces the release of updated technical specifications for Optiq® Phase 1 - Market Data
Gateway (MDG) and for Optiq Phase 2 - Order Entry Gateway (OEG).