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27 Mar 2025

Eurex

VSTOXX Derivatives: Adjustment of the Liquidity Provider schemes

Eurex Circular 023/25 VSTOXX Derivatives: Adjustment of the Liquidity Provider schemes

1.  Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG decided, with effect from 1 May 2025, to amend the following Product Specific Supplements according to the corresponding Attachments: 

  • „Equity Index 15 – Futures on VSTOXX Index”
  • „Equity Index 16 – Options on Futures on VSTOXX Index” 

2. Required action 

There is no required action for the Trading Participants. Liquidity Providers should make sure to adjust their quoting behaviour.

3. Details of the initiative 

In the scheme for the Futures on VSTOXX, new programs will be added. There will be in both main time zones (EU and US) one scheme with tighter spread requirements and one with higher quote size. In addition, a calendar spread program will be offered for the first time. The incentives and their distribution will be amended as well. 

For the Options on VSTOXX Futures, also a new program will be offered, which foresees a quotation of additional strike prices. 

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. 

The updated Product Specific Supplements (PSS) will be provided in PDF format on the Eurex website www.eurex.com under the following link: 

Trade > Market-Making and Liquidity provisioning 


Attachments:

  • 1 - Amended Product Specific Supplement „Equity Index 15 – Futures on VSTOXX Index”

  • 2 - Amended Product Specific Supplement „Equity Index 16 – Options on Futures on VSTOXX Index”  


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: 

client.services@eurex.com

Web: 

Market-Making and Liquidity provisioning

Authorized by: 

Randolf Roth


Market Status

XEUR

1 April 2025

1:20:11 AM


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