Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decision with effect from 5 February 2024:
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions with effect from 1 March 2024:
2. Required action
Liquidity Providers should adapt their quotation behavior accordingly.
3. Details
A. Trading hours extension for Euro-denominated Money Market Index Futures Contracts
In order to offer Trading Participants more opportunities, the trading hours in the Euro-denominated Money Market Index Futures Contracts “Three-Month Euribor Futures (Product ID: FEU3)” and “Three-Month Euro STR Futures (Product ID: FST3)” will be extended as outlined in Attachment 1, with effect from 5 February 2024.
The pre-trading phase will then be available from 07:00 CET. Afterwards, the products will start with an opening auction at 07:20 CET and commence with continuous trading at 07:30 CET until 22:00 CET. The Post Trade Phase period will end at 22:10 CET.
The entry of off-book trades via the TES functionality is available to Trading Participants from 07:30 CET - 22:00 CET.
B. Amendments to the PSS “Fixed Income 17 - STIR Futures”
The Liquidity Provider Scheme for Euro-denominated Money Market Index Futures was introduced with the launch of the STIR partnership program on 1 November 2023 and strengthened the liquidity in the order book. To further support the Liquidity Providers, Eurex Frankfurt AG has decided to amend the PSS “Fixed Income 17 – STIR Futures” effective as of 1 March 2024 as shown in Attachment 2.
For more immediate improvement to the liquidity picture, Eurex Frankfurt AG has decided to introduce the following changes as of 1 February 2024:
The PSS documents will be amended with effect from 1 March 2024, as shown in Attachment 2.
The amendments shall be deemed approved unless objected to Eurex Frankfurt AG and Eurex Clearing AG within a period of two weeks after notification of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.
The current versions of the PSS documents are also available in PDF format on the Eurex website www.eurex.com under the following path:
Trade > Market-Making and Liquidity provisioning
Attachments:
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: | Market Development & Pricing, eurex.pricing@eurex.com | |
Web: | ||
Authorized by: | Michael Peters |
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.