Find
May 23, 2013

Eurex Clearing

Three-month EURIBOR Futures: New rebate scheme for transaction fees

The international derivatives marketplace Eurex Exchange will start a new initiative to increase the attractiveness of its short-term interest rate derivative segment effective 1 June 2013.
Eurex will offer to all market participants a new Incentive Program for the Three-month EURIBOR Futures, which includes the following cornerstones:

  1. Introduction of a new Market-Making scheme starting on 1 June 2013, which replaces the current scheme and will initially run until the end of 2013 – All details to this measure will be shortly published in a separate circular of the Eurex Exchanges
  2. Introduction of a new rebate scheme for transaction fees for the period from 1 June 2013 until 31 December 2014 – This is covered in attached circular, and
  3. Launch of new functionalities as part of the finalization of the roll-out of the new trading architecture on 10 June 2013 – Including Full Spread Matrix as well as a time-pro-rata matching algorithm also considering the time of order entry.