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31 Jan 2024

Eurex

FX Derivatives: Adjustment of the Liquidity Provider schemes for FX Futures and Rolling Spot Futures

Eurex Circular 014/24 FX Derivatives: Adjustment of the Liquidity Provider schemes for FX Futures and Rolling Spot Futures

1.    Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions with effect from 1 March 2024:

  • The Product Specific Supplement "Foreign Exchange 01 – FX Futures and Rolling Spot Futures“ will be amended as shown in the Attachment. 

2.    Required action

Liquidity Providers should adapt their quotation behavior accordingly. 

3.    Details of the initiative

In the Product Specific Supplement (“PSS”) “Foreign Exchange 01 – FX Futures and Rolling Spot Futures” a few amendments will be made to the quoting requirements. Furthermore, the incentive structure will be amended with effect from 1 March 2024

Trading Participants will be entitled to receive monetary incentives in the form of fee rebates, revenue sharing and an additional supporter incentive upon fulfilling the order-book quoting requirements specified in the Attachment. 

The PSS document will be amended with effect from 1 March 2024, as shown in the Attachment.

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 amended PSS “Foreign Exchange 01 – FX Futures and Rolling Spot Futures” will be provided in PDF format on the Eurex website www.eurex.com under the following path:

Trade > Market-Making and Liquidity provisioning

Attachment:

  • Adjusted PSS “Foreign Exchange 01 - FX Futures and Rolling Spot 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:

Market Development & Pricing, eurex.pricing@eurex.com

Web:

Market-Making and Liquidity provisioning

Authorized by:

Michael Peters


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