31 Oct 2014

Eurex Clearing

Market Maker programmes for options on iShares ETFs, MDAX®, TecDAX® and DivDAX®

In conjunction with the fulfilment of the Market Maker Obligations at Eurex for MDAX®, TecDAX® and DivDAX® index options, Eurex Clearing has decided to introduce a revenue sharing scheme whereby 30 percent of the net transaction fees in these products will be distributed among the top five Market Makers on a monthly basis effective 1 November 2014 until 30 June 2016.

Moreover, in conjunction with the fulfilment of the Market Maker Obligations at Eurex in options on iShares ETFs, Eurex Clearing has decided  the following measures for the period from 3 November 2014 until 31 December  2015:

  1. If a Market Maker fulfils the Market Maker Obligations in these products, Eurex Clearing will grant a reimbursement of 100 percent of the transaction fees for transactions concluded in options on iShares ETFs on the M-account.
  2. Additionally, a revenue sharing scheme will be introduced whereby 30 percent of the net transaction fees for options in iShares ETFs will be distributed among the top three Market Makers.

For the amended sections of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland and Eurex Zürich as well as the conditions and details of the Market Maker Obligations, please refer to Eurex Circulars 229/14 and 230/14.

Market-Maker-programmes-for-options-on-iShares-ETFs-MDAX-TecDAX-and-DivDAX-