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Apr 30, 2018

Eurex Clearing

Foreign Exchange (FX) derivatives: New Liquidity Provider scheme for FX Futures and FX Rolling Spot Futures and Fee Holiday for transaction fees

Effective 1 June 2018, the following measures of Eurex Clearing will come into effect:

Payments of rebates, revenue sharing, stipends and “Additional Market Share” incentives for FX Futures and FX Rolling Spot Futures, as outlined in the “Product Specific Supplement” to the “Liquidity Provider Agreement“ (LPA), which is attached to Eurex circular 026/18.

The Liquidity Provider (LP) Scheme will run from 1 June 2018 until 31 December 2027 and covers four key incentive components for the aforementioned products:

  1. Rebates as outlined in the “Product Specific Supplement” to the LPA, valid from 1 June 2018 until 31 December 2027;
  2. Revenue sharing as outlined in the “Product Specific Supplement” to the LPA, valid from 1 June 2018 until
    31 December 2027;
  3. Monthly payments of €15,000 for “early movers” until
    31 December 2018 (limited to a maximum number of five Liquidity Providers);
  4. Payment of an one-time “Additional Market Share” incentive of €500,000 for the “top five LPs” if a specific market share is reached on the basis of daily traded volumes during the fourth quarter of 2019.

Furthermore, the transaction fees for FX Futures, FX Rolling Spot Futures and FX Options, pursuant to Number 3 of the Price List of Eurex Clearing AG, will be waived between 1 May 2018 and 31 May 2018.

Please refer to Eurex circular 026/18 and the respective attachment “Product Specific Supplement” for detailed information about the scheme conditions.

Market Status

XEUR

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Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

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