Eurex Clearing
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions with effect from 1 August 2024:
The changed Product Specific Supplements will be valid from 1 August 2024 until 31 August 2024.
The amendments of the PSS will be deemed to have been approved if Liquidity Provider does not lodge objections with Eurex Frankfurt AG and Eurex Clearing AG within two (2) weeks of notification of the amendment.
The PSS will be provided as a single PDF file on the Eurex website www.eurex.com under the following path: Trade > Market-Making and Liquidity provisioning.
Production start: 1 August 2024
2. Required action
There is no action required for participation.
3. Details
Amendment of the Liquidity Provider Schemes for Credit Index Futures
To further support the adoption of Global Credit Index Futures, Eurex will amend the additional incentives in the existing Schemes to include a daily cap on the volume that is counted towards the participants performance measurements in the respective schemes.
For each Liquidity Provider, the maximum volume eligible for performance measurement in the respective scheme will be set to 200 lots per day per product per expiry. Liquidity Providers with equal performance at the months end will be ranked according to their over-fulfilment of quoting requirements.
Market participants at Eurex Deutschland will still be entitled to receive monetary incentives in the form of fee rebates and additional incentives upon fulfilling the order-book quoting requirements specified in the PSS 14, 16 and 19 attached to Eurex Circular 072/24.
Further, Eurex will reduce the duration of the offered Schemes and additional incentives. All above mentioned Schemes, including rebates and additional incentives, will be terminated on 31 August 2024.
Please refer to the Product Specific Supplements, which are available on the Eurex website www.eurex.com under the following link:
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.
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 | |
| Related circular: | Eurex Circular 072/24 | |
| Contact: | client.services@eurex.com | |
| Web: | Trade > Market-Making and Liquidity provisioning | |
| Authorized by: | Matthias Graulich |
