1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions:
- With effect from 1 September 2024,
- a Liquidity Provider Scheme will be offered to Trading Participants of Eurex Deutschland for futures on the Bloomberg MSCI Euro Corporate SRI Index and futures on the Bloomberg Liquidity Screened Euro High Yield Bond Index set out in the attached Product Specific Supplement (PSS) “Fixed Income – 20”;
- a Liquidity Provider Scheme will be offered to Trading Participants of Eurex Deutschland for futures on the Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index and futures on the Bloomberg Sterling Liquid Corporate Index set out in the attached PSS “Fixed Income – 22”.
- With effect from 23 September 2024,
- a Liquidity Provider Scheme will be offered to Trading Participants of Eurex Deutschland for futures on the Bloomberg US Corporate Index and futures on the Bloomberg US High Yield Very Liquid Index set out in the attached PSS “Fixed Income – 21”.
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.
2. Required action
There is no action required for participation for the Trading Participants.
3. Details
To further support the adoption of the existing Credit Index Futures product suite, Eurex will introduce as of 1 September 2024 two new Liquidity Providers Schemes:
- Fixed Income 20 – Eurex EURO Credit Index Futures, covering Bloomberg MSCI Euro Corporate SRI Index Futures (FECX) and Bloomberg Liquidity Screened Euro High Yield Bond Index Futures (FEHY)
- Fixed Income 22 – Eurex Global Credit Index Futures, covering Bloomberg Emerging Market USD Sovereign & Sovereign Owned Index futures (FUEM) and Bloomberg Sterling Liquid Corporate Index futures (FGBC)
Liquidity Providers should adjust their quotation behavior accordingly.
Moreover, to stimulate trading activity in the new USD Credit Index Futures, Eurex will introduce as of 23 September 2024 a new Liquidity Provider Scheme: Fixed Income 21 – Eurex USD Credit Index Futures, covering Bloomberg US Corporate Index futures (FUIG) and Bloomberg US High Yield Very Liquid Index futures (FUHY).
Liquidity Providers will be entitled to receive monetary incentives in the form of fee rebates, additional monetary incentives and revenue share incentives upon fulfilling the requirements specified in Attachments 1, 2 and 3.
Please refer to the Product Specific Supplements (PSS), which are available on the Eurex website under the following link:
Trade > Market-Making and Liquidity provisioning.
Attachments:
- - 1: PSS “Fixed Income 20 – Eurex EURO Credit Index Futures”
- - 2: PSS “Fixed Income 21 – Eurex USD Credit Index Futures”
- - 3: PSS” Fixed Income 22 – Eurex Global Credit 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 Circular 079/24, 072/24, 116/23, 086/22, 060/21 |
Contact: | | Pricing & Market Making, eurex.pricing@eurex.com |
Web: | | Trade > Market-Making and Liquidity provisioning |
Authorized by: | | Randolf Roth |