A member of
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
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