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Dec 05, 2014

Eurex Clearing

EUR Secured Funding Futures contract: Market-Making schemes

Upon fulfilment of the Market-Making scheme of Eurex Deutschland and Eurex Zürich AG for EUR Secured Funding Futures contracts from 1 January 2015 until 31 March 2016, Eurex Clearing will take the following measures:

  1. Refund of 100 percent of transaction fees for EUR Secured Funding Futures contracts traded (order book and Eurex Trade Entry Services) on the M-accounts for the respective month; and
  2. Introduce a revenue sharing programme whereby 50 percent of the monthly net revenues of the EUR Secured Funding Future will be distributed to the five leading Market Makers according to their trading share (on the basis of the M- and P-account order book and Eurex Trade Entry Services).

In conjunction with the extended Market-Making scheme of Eurex Deutschland and Eurex Zürich AG for EUR Secured Funding Futures contracts from 1 April 2016 until 31 March 2017, Eurex Clearing will take the following measures if a Market Maker (assuming that the Market Maker qualifies for this extension) fulfils his obligations:

  1. Refund of 100 percent of transaction fees for EUR Secured Funding Futures contracts traded (order book and Eurex Trade Entry Services) on the M-accounts for the respective month; and
  2. Introduce a revenue sharing programme whereby 30 percent of the monthly net revenues of the EUR Secured Funding Future will be distributed to the five leading Market Makers according to their trading share (on the basis M- and P-account order book and Eurex Trade Entry Services)

The qualification period for the extended Market-Maker scheme starts on 8 December 2014 and ends on 31 May 2015.

For applied conditions and details of the Market-Making schemes please refer to Eurex Circular 261/14. Interested participants in Market-Making are requested to contact Frank Odendall, frank.odendall@eurexchange.com or Maesa Beany, maesa.beany@eurexchange.com.