Find
26 Sep 2017

Eurex

Introduction of Regulatory Market-Making and introduction of Eurex Liquidity Provider Framework

With Eurex circular 082/17, Eurex Deutschland and Eurex Zürich (collectively: the Eurex Exchanges) have announced the redesign of Eurex Market-Making in the context of MiFID II, effective January 2018. This circular contains information on the changes with respect to the following topics:

1. Introduction of Regulatory Market-Making (RMM)

2. Introduction of Eurex Liquidity Provider Framework

3. Relationship between Regulatory Market-Making and Liquidity Provisioning

4. Introduction of Market Conditions

5. Introduction of Requirements and Incentives for Liquidity Providers for quotation under Stressed Market Conditions.

The items under 1. and 4. will be introduced on 3 January 2018, subject to approval of the Exchange Council of Eurex Deutschland and the Board of Directors of Eurex Zürich AG and the competent authorities.

The items under 2. and 5. will be introduced on 1 January 2018.

The respective parameters of the models as well as the rebate levels will be announced at a later stage.

Market Status

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

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. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.