Eurex
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision with effect from 1 October 2024:
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision with effect from 1 November 2024:
2. Required action
Liquidity Providers should adapt their quotation behavior accordingly.
3. Details of the initiative
A. Product Specific Supplement (PSS) „ Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures”
The amendments primarily focus on the calculation of the performance volume in section 4.1 from 1 November 2024 onwards and the extension of Incentive Phase I from 31 December 2024 to 30 June 2025.
Furthermore, the additional incentive component based on the open interest in Three-Month Euro STR Futures initially introduced on 1 July 2024 will be extended for the month of October 2024, as described in section 4.1 of the PSS ‘Fixed Income 17 - Three-Month Euribor Futures and Three-Month Euro STR Futures’, as of 1 October 2024 with updated parameters.
B. Product Specific Supplement (PSS) „Fixed Income 18 –STIR Options”
Sections 4 and 6 of the PSS “Fixed Income 18 – STIR Options” will be amended with effect from 1 November 2024. The amendments are focusing on the extension of the additional incentive phase pursuant to Sect. 6 of the PSS from 30 October 2024 to 30 June 2025.
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 versions of the PSS documents are also available in PDF format on the Eurex website www.eurex.com under the following path:
Trade > Market-Making and Liquidity provisioning
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target group(s): | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | Market Development & Pricing, eurex.pricing@eurex.com | |
Web: | ||
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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