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02 Feb 2024

Eurex

Fixed Income derivatives: Introduction of a New Liquidity Provider Scheme for Futures on Global Credit Benchmark Indices

Eurex Circular 017/24 Fixed Income derivatives: Introduction of a New Liquidity Provider Scheme for Futures on Global Credit Benchmark Indices

1.  Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions with effect from 5 February 2024:

  • Market participants at Eurex Deutschland will be offered the Liquidity Provider Scheme for Futures on the Emerging Market USD Sovereign & Sovereign Owned Index and Futures on the Bloomberg Sterling Liquid Corporate Index as detailed in the attached Product Specific Supplement “Fixed Income – 19 – Global Credit Benchmark Index Futures”

The new Liquidity Provider scheme for Futures on the Emerging Market USD Sovereign & Sovereign Owned Index and Futures on the Bloomberg Sterling Liquid Corporate Index will support the growth in traded activity of the two products.

For details of the Liquidity Provider schemes, please refer to the attached Product Specific Supplement (PSS).

The new quotation requirements will be valid from 5 February 2024 until 31 December 2025.

The PSS will be provided as a single PDF file on the Eurex website www.eurex.com under the following link:

Trade > Market-Making and Liquidity provisioning

2.   Required action

There is no action required for participation.

3.   Details

To further support the adoption of Futures on the Emerging Market USD Sovereign & Sovereign Owned Index and Futures on the Bloomberg Sterling Liquid Corporate Index, Eurex introduces a new Liquidity Provider Scheme effective from 5 February 2024. 

Market participants at Eurex Deutschland will be entitled to receive monetary incentives in the form of fee rebates and additional incentives upon fulfilling the order-book quoting requirements specified in the PSS 19 attached. Such additional monetary incentives will continue until the 31 December 2024.

Please refer to the attached Product Specific Supplements, which are also available on the Eurex website under:

Trade > Market-Making and Liquidity provisioning

Attachment:

  • PSS Fixed Income 19 – Global Credit Benchmark 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

Related circulars:

Eurex Circulars 116/23, 095/22, 088/21, 060/21

Contact:

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

Web:

www.eurex.com

Authorized by:

Michael Peters


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