Eurex
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions with effect from 1 August 2024:
For details of the Liquidity Provider schemes, please refer to the attached Product Specific Supplements (PSS).
The changed Product Specific Supplements will be valid from 1 August 2024 until 31 August 2024.
The PSS will be provided as a single PDF file on the Eurex website www.eurex.com under the following path:
Trade > Market-Making and Liquidity provisioning
Production start: 1 August 2024
2. Required action
There is no action required for participation for the Trading Participants.
3. Details
Amendment of the Liquidity Provider Schemes for Credit Index Futures
To further support the adoption of Global Credit Index Futures, Eurex will amend the additional incentives in the existing Schemes to include a daily cap on the volume that is counted towards the participants performance measurements in the respective schemes.
For each Liquidity Provider, the maximum volume eligible for performance measurement in the respective scheme will be set to 200 lots per day per product per expiry. Liquidity Providers with equal performance at the months end will be ranked according to their over-fulfilment of quoting requirements.
Market participants at Eurex Deutschland will still 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 14, 16 and 19 attached.
Further, Eurex will reduce the duration of the offered Schemes and additional incentives. All above mentioned Schemes, including rebates and additional incentives, will be terminated on 31 August 2024.
The amendments will be deemed to have been approved if the Liquidity Provider does not lodge objections with Eurex Frankfurt AG and Eurex Clearing AG within two (2) weeks of notification of the amendment, by means of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.
Please refer to the attached Product Specific Supplements, which are also available on the Eurex website under the following link:
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: | Pricing & Market Making, eurex.pricing@eurex.com | |
Related circulars: | Eurex circular 017/24, 009/23, 086/22 | |
Web: | ||
Authorized by: | Randolf Roth |
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.
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