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30 Oct 2024

Eurex

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

Eurex Circular 107/24 Money Market Derivatives: Amendment of the Liquidity Provider Programs 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 with effect from 1 November 2024:

  • to amend the Product Specific Supplement (PSS) „Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures“ as shown in the Attachment. 

2.    Required action

Liquidity Providers should adapt their quotation behavior accordingly.

3.    Details of the initiative

Product Specific Supplement (PSS) “Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures”

The amendments focus on the additional incentive component based on the open interest in Three-Month Euro STR Futures initially introduced on 1 July 2024 which will be extended for the month of November 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 November 2024 with updated parameters.

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

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 group(s): 

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: 

Randolf Roth


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