A member of
Eurex Clearing
In conjunction with the Designated Market-Making (DMM) scheme of Eurex Deutschland and Eurex Zürich AG for Mini Futures on VSTOXX® from 1 September until 31 December 2014, Eurex Clearing will take the following measures:
1. If a Designated Market Maker fulfils his obligation, Eurex Clearing will grant Designated Market Makers a reimbursement of transaction fees for all contracts concluded on M-accounts in VSTOXX®Mini Futures (FVS); and
2. Introduce a revenue sharing program whereby 30 percent of the net transaction fees in VSTOXX®Mini Futures (FVS) will be distributed among the top three Market Makers on a monthly basis according to a ranking of the volume of one single Market Maker out of the total trading volume of the top three Market Makers (based on M account order book and off-book volumes). The top market maker will receive 15 percent of the net transaction fees, while 10 percent and 5 percent of the net transaction fees will be shared with the market makers ranked two and three.
For applied conditions and details of this Designated Market-Making (DMM) scheme please refer to Eurex Circular 195/14. Interested participants in Designated Market-Making are requested to fill in the attached application form and return it to Rex Jones by Fax +49-(0) 69-2 11-61 78 06.