Eurex Clearing
1. Introduction
The Executive Boards of Eurex Frankfurt and Eurex Clearing decided to amend the Liquidity Provider Program for Options on VSTOXX® Futures and the Product Specific Supplement (hereinafter “PSS”) for Options on Futures on VSTOXX® Index” as of 1 February 2024.
2. Required action
Liquidity Providers should adapt their quotation behaviour accordingly.
3. Details of the initiative
In order to foster liquidity in Options on VSTOXX Futures and to improve the price picture in the Eurex order book, the Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG changed the requirements and incentives for Liquidity Providers.
The PSS will be amended with effect from 1 February 2024, as shown in the attachment. The amendments will be deemed to have been approved if Liquidity Provider do not lodge objections with Eurex Frankfurt and Eurex Clearing within two (2) weeks after publication of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.
As of 1 February 2024, the PSS will also be available individually in PDF format on the Eurex website www.eurex.com under the following path:
Trade > Market-Making and Liquidity provisioning
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | ||
Authorized by: | Jens Janka |
