Prolongation of the Liquidity Provider schemes and amendment of various "Product Specific Supplements", extension of the fee waiver for the use of the first seven ETI High-Frequency Full Sessions

1.   Introduction

The Executive Boards of Eurex Clearing AG and Eurex Frankfurt AG took the following decision, with effect from 1 January 2025:

• Prolongation of the Liquidity Provider schemes and amendment of various Product Specific Supplements ("PSS"), pursuant to Attachment 1

Furthermore, the Executive Board of Eurex Frankfurt AG has decided to extend the currently existing fee waiver for the use of the first seven ETI High-Frequency Full Sessions, as described in Eurex circulars 115/22, 024/21, 090/21 and 105/23, until 31 December 2025. The details can be found in section 3.B of this circular.

2.   Required action

Liquidity Providers should adapt their quotation behavior accordingly.

3.   Details of the initiative

A. Annual prolongation and amendment to the Product Specific Supplements

As part of the prolongation of the Liquidity Provider schemes, the validity of various PSS will be amended and some changes will be made with regard to individual parameters.

The PSS will be amended with effect from 1 January 2025, as shown in the attachments. The amendments shall be deemed approved unless objected to by Eurex Clearing AG and Eurex Frankfurt AG within a period of two weeks after notification of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.

Please refer to the attached overview of all amendments (prolongation and/or amendment), pursuant to Attachment 1. All amended PSS are attached to this circular in Attachment 2. Please refer to the respective PSS for the details of the amendments. 

As of 1 January 2025, 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

B. Extension of the fee waiver for the use of the first seven ETI High-Frequency Full Sessions

The currently existing fee waiver for the use of the first seven ETI High-Frequency Full Sessions, as described in Eurex circulars 024/21 and 090/21, will be extended until 31 December 2025. All Trading Participants fulfilling the Basis Building Block requirements for the products FCEU (EUR/USD Future) or EUCO (Option on the EUR/USD Future), according to the respective PSS "Foreign Exchange 01 - FX Futures and FX Rolling Spot Futures" and "Foreign Exchange 02 - Options on FX Futures" - in the respective valid version - will not be charged for the first seven ETI High-Frequency Full Sessions for the month in which the Basis Block requirements were fulfilled.

The Executive Board of Eurex Frankfurt AG reserves the right to cancel or adjust this fee waiver at any time with one month's notice.

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.

Attachments:

• 1 – Overview of prolonged and/or changed PSS
• 2 – All prolonged and/or changed PSS combined (valid from 1 January 2025)

Further information