Eurex Clearing
1. Introduction
As part of the introduction of the new Liquidity Provider Program in EURO STOXX 50® Index Options (OESX), as detailed in Eurex Circular 020/25, Eurex aims to enhance market stability, reward exceptional performance and create a fairer trading environment.
To this end, Eurex Clearing AG will offer reduced fees for EURO STOXX 50® Index Options (OESX) as defined per 3.1.3 of the Eurex Clearing Price List. The fee reduction applies to M-Accounts, which are designated for market-making activities, and will cover transactions executed via the Order Book, Eurex EnLight, TES (Trade Entry Services), and Eurex EnLight non-disclosed and TES bilateral non-disclosed (non-disclosed as defined per 3.2.1 of the Eurex Contract Specifications). The changes introduce reduced fees when contract volumes exceed thresholds of 2,000 and 8,000 contracts, with specific reduced fee rates applied for each threshold as specified in section 3 of this circular. The addition of reduced fee thresholds on the M account shall take effect from 1 July 2025.
2. Required action
There is no required action for the Clearing Members.
3. Details of the initiative
From 1 July 2025, Eurex Clearing AG will offer a reduction in transaction fees for EURO STOXX 50® Index Options (OESX) that applies to M-accounts as follows:
Product/Product Group | Currency | Execution Type | Accounts | Standard Fee per Contract (contract volume ≤ threshold) | Reduced Fee per Contract (contract volume > threshold) | Threshold (number of contracts) | |
EURO STOXX 50® Index Options | EUR | Order book | M | 0.32 | 0.16 | 2,000 | |
0.05 | 8,000 | ||||||
Eurex EnLigh | M | 0.32 | 0.16 | 2,000 | |||
0.05 | 8,000 | ||||||
TES | M | 0.32 | 0.16 | 2,000 | |||
0.05 | 8,000 | ||||||
| EURO STOXX 50® Index Option (OESX) (non-disclosed within the meaning of 3.2.1 Eurex Contract Specifications) | EUR | Eurex EnLight | M | 0.37 | 0.21 | 2,000 | |
0.10 | 8,000 | ||||||
TES bilateral | M | 0.37 | 0.21 | 2,000 | |||
0.10 | 8,000 |
The Attachment contains the amended sections of the Price List of Eurex Clearing AG.
The transaction fees are shown in the full version of the Price List of Eurex Clearing AG (Price List), available on the Eurex Clearing website www.eurex.com/ec-en/ under the following link:
Rules & Regs > Eurex Clearing Rules & Regulations > 3. Price List
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 | |
Related Circular: | Eurex Circular 020/25 | |
| Contact: | client.services@eurex.com, eurex.pricing@eurex.com | |
| Web: | www.eurex.com/ec-en/ | |
| Authorized by: | Matthias Graulich |
