Effective 1 April 2016, the following measures of Eurex Clearing for futures and options on the RDX® USD index (FRDX, ORDX) will come into effect:
- Extension of the Designated Market-Making scheme for the product FRDX from 1 April 2016 until 31 December 2016.
- Provided the Market-Maker obligations in futures and options on the RDX® USD index were fulfilled, Designated Market Makers (DMMs) and Permanent Market Makers (PMMs) will receive a refund of the transaction fees for all transactions in these products executed on M-accounts. The amount will be 80 percent (previously 90 percent) for order book trades and 60 percent (previously 90 percent) for off-book trades.
- Extension of the revenue sharing programme for DMMs and PMMs from 1 April 2016 until 31 December 2016. The share in revenue (transaction fees minus Market Maker rebates) is 20 percent (previously 30 percent) of the net revenues generated in futures or options, respectively, on the RDX® USD index.
The relevant conditions and details as well as the exact parameters of the Designated Market-Making scheme and Permanent Market-Making scheme in the respective products can be found in Eurex circular 039/16.
