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Sep 26, 2017

Eurex Clearing

Introduction of Liquidity Provider Framework and requirements and incentives for Liquidity Providers for quotation under Stressed Market Conditions

Eurex Deutschland and Eurex Zürich (collectively: the Eurex Exchanges) have announced in their circular 102/17 the redesign of Eurex Market-Making in the context of MiFID II.

Effective January 2018, the Eurex Exchanges will introduce Regulatory Market-Making, as well as the states “Stressed Market Conditions” and “Exceptional Circumstances”, subject to approval of the Exchange Council of Eurex Deutschland and the Board of Directors of Eurex Zürich AG and the competent authorities.

As a consequence, and effective 1 January 2018, the following measures of Eurex Clearing will come into effect:

  1. Introduction of the Eurex Liquidity Provider Framework
  2. Introduction of Requirements and Incentives for Liquidity Providers for quotation under
    Stressed Market Conditions.

Details of the Framework are communicated in Eurex circular 102/17 which we are providing as attachment 3.