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28 Jun 2024

Eurex

Money Market Derivatives: Amendment of the Liquidity Provider Program for Three-Month EURIBOR Futures and Three-Month Euro STR Futures

Eurex Circular 065/24 Money Market Derivatives: Amendment of the Liquidity Provider Program for Three-Month EURIBOR Futures and Three-Month Euro STR Futures

1.  Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision to:

  • Amend the Product Specific Supplement (PSS) „ Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR 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

Sections 4.1 and 7 of the PSS "Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures" will be amended with effect from 1 August 2024. The amendments primarily focus on participation condition in section 4.1 and the multiplier framework in section 7.

Furthermore, with effect from 1 July 2024, Eurex will introduce an additional incentive component for the month of July 2024, which will be activated if the Open Interest on Eurex reaches a minimum threshold as described in section 4.1.

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 version of the PSS documents is also available in PDF format on the Eurex website www.eurex.com under the following path:

Trade > Market-Making and Liquidity provisioning

Attachment:

  • Amended PSS “Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR 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:

Trade > Market-Making and Liquidity provisioning

Authorized by:

Michael Peters


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