A member of
Eurex Clearing
The Executive Board of Eurex Clearing AG decided to introduce a Designated Market-Making Program for Single Stock Dividend Futures starting January 11, 2010.
Eurex enables interested members to be Designated Market Makers for the new Single Stock Dividend Futures contracts. Designated Market Makers will ensure ongoing liquidity by providing quotes on the bid and ask side, subject to maximum spreads, for a specified minimum number of contracts in a defined number of the introduced products for a predefined period of time. In addition, Designated Market Makers will undertake other obligations as to the efficient operation of the market by providing price information and be available for additional price verification at times as requested by Eurex.
In return, Eurex will grant its Designated Market Makers reimbursement of up to 50 percent of transaction fees for all transactions executed on M-accounts up to and including December 31, 2012.
Scheme obligations for the products are attached, as is the Scheme Application form. To register as a Designated Market Maker, please apply using the attached form and fax back to the numbers provided. Eurex will accept new applicants to this Designated Market Maker Scheme until March 31, 2010 unless otherwise notified.
Members interested in participating are requested to complete and return the attached Designated Market Maker Application Form (attachment 1) to Stuart Heath, Eurex Product Strategy, fax +44-20-78 62-92 53.