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31 Jan 2025

Eurex

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

Eurex Circular 007/25 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 February 2025:

  • 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 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 February 2025, 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 February 2025 with updated parameters. 

Furthermore, the payout structure will be amended of 1 March 2025 as described in section 4.1. of the PSS.

The amendment will be deemed to have been approved if Liquidity Provider does not lodge objections with Eurex Frankfurt and Eurex Clearing within two (2) weeks of notification of the amendment.

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 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: 

Randolf Roth


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