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Dec 22, 2009

Eurex

EURIBOR Futures: New Designated Market-Making Program

The Management Boards of the Eurex Exchanges decided to introduce a new Designated Market-Making Program for the EURIBOR futures. Starting January 2, 2010, the new scheme will contribute to guarantee and improve liquidity in EURIBOR futures.

As a Designated Market Maker, the Eurex Member undertakes to continually provide bid and ask prices (quotes) for a specified minimum number of contracts and in compliance with maximum spreads for a predefined period of time. Designated Market-Making will run from January 2, 2010 until December 31,
2011.

Provided the Market Maker fulfills his obligations, Eurex will in return refund 100 percent of trading and clearing fees for the contracts concluded by the Market Maker on M accounts.

Please see attachments 1 and 2 for the detailed parameters of the Designated Market-Making Program.

Members who are interested in participating are requested to fill out and return the attached Market Maker application (attachment 1) to Joachim Heinz, Eurex Product Strategy, fax +49-69-211-1 44 61.

Market Status ⓘ

XEUR

The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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