06 Oct 2017

Eurex Clearing

Liquidity Provisioning: Introduction of rebates for Stress Presence Building Block

With Eurex circular 102/17, Eurex Deutschland and Eurex Zürich (collectively: the Eurex Exchanges) have announced the introduction of Regulatory Market-Making and the introduction of the Eurex Liquidity Provider Framework (see Eurex Clearing Circular 093/17). In addition, the new market conditions “Stressed Market Conditions” (SMC) and “Exceptional Circumstances” were introduced. In this context, requirements and incentives for Liquidity Providers were introduced for quotation under SMC for certain products in the form of the new Building Block “Stress Presence.”

This circular announces the parameters for the requirements and the concrete incentives for Liquidity Providers.