Please note the following update in the attachment:
Starting from 1 December 2021, the Basis Block requirements for the Bloomberg MSCI Global Green Bond Index Futures (FGGI) will be amended as follows:
- The Minimum Quote Size (Bid & Ask) will be reduced from 25 to 15 Contracts
- Maximum Spread will be increased from 16 to 32 ticks.
In addition, the participation condition of the Revenue Sharing and the Additional Supporter Incentive for Bloomberg MSCI Global Green Bond Index Futures (FGGI) will require that liquidity providers fulfill 7 months out of 12 during the Commitment Period, instead of 9 months out of 12.
Please refer to number 3.1, 4.1 and 4.2 in the updated attachment: "Product Specific Supplement: Fixed Income 13 – Bloomberg MSCI ESG Index Futures”.
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions, with effect from 27 September 2021:
- Introduction of a Liquidity Provider Scheme for Bloomberg MSCI Euro Corporate SRI Index Futures,
- Introduction of a Liquidity Provider Scheme for Bloomberg MSCI Global Green Bond Index Futures.
The Liquidity Provider schemes will support the launch of Futures on the Bloomberg MSCI Fixed Income ESG Indices that start trading on 27 September 2021.
For details of the Liquidity Provider schemes, please refer to the attached Product Specific Supplement (PSS).
The new quotation requirements will be valid from 27 September 2021 until 31 December 2024.
The PSS will be provided as single PDF file on the Eurex website www.eurex.com under the following link:
Trade > Market-Making and Liquidity provisioning
Production start: 27 September 2021
2. Required action
There is no action required for participation.
3. Details of the initiative
To support the launch of the Bloomberg MSCI ESG Index Futures, Eurex introduces Liquidity Provider Schemes effective on 27 September 2021.
Market participants will be entitled to receive monetary incentives in the form of fee rebates and net revenue sharing upon fulfilling the Order-book quoting requirements specified in the document attached.
Please refer to the attached Product Specific Supplement, which is also available on the Eurex website under the following link:
Trade > Market-Making and Liquidity provisioning
Attachment:
- Updated Product Specific Supplement: Fixed Income 13 – Bloomberg MSCI ESG Index Futures
Further information
Recipients: | | All Trading Participants of Eurex Deutschland and Vendors |
Target groups: | | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
Contact: | | Pricing & Market Making, eurex.pricing@eurex.com |
Related Circular: | | Eurex Circular 060/21 |
Web: | | Trade > Market-Making and Liquidity provisioning |
Authorized by: | | Michael Peters |