We're pleased to announce the following updates to the Derivatives Product Descriptions. Germany 40 (GERMANY40IXF0:USTF0) perpetual contract. This product will supersede Germany 30 (GERMANY30IXF0:USTF0). This change is connected to recently announced changes to discontinue the Germany 30 stock index:
Users of Germany 30 (GERMANY30IXF0:USTF0) will only be able to reduce the size of their positions and will not be able to increase or create any new positions from 17/09/21 at 5:30PM CEST. The new Germany 40 (GERMANY40IXF0:USTF0) will open on 20/09/20 at 09:00 AM CEST.
We would like to advise users who have open positions for Germany 30 to close these positions by 30/09/21.
Bitfinex will close all positions at the mark price for Germany 30 (GERMANY30IXF0:USTF0) on behalf of our users and the trading of GERMANY30IXF0:USTF0 from 30/09/20 at 09:00 AM CEST. Since there will be no new reference pricing, the mark price for the Germany 30 (GERMANY30IXF0:USTF0) is not expected to move significantly between 17/09/21 and 30/09/21.
The above summary description is for convenience purposes only. The perpetual contracts are more particularly described in the updated Derivative Product Descriptions here. If there are any differences between the description above and the Derivative Product Description, the Derivative Product Description will govern. Please read it carefully to ensure you understand the products available on the derivatives platform.
*The derivatives platform is provided by iFinex Financial Technologies Limited. References to Bitfinex Derivatives in this post are references to iFinex Financial Technologies Limited.