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Dec 07, 2015

Eurex

Extension and adjustment of Market-Making scheme in index options with weekly expirations (“Weekly Options“)

The Management Board of Eurex Deutschland and the Executive Board of Eurex Zürich AG decided to extend the Market-Making scheme in Weekly Options on the DAX® and EURO STOXX 50® with minor changes from 1 January 2016 until 31 December 2016.

There is only the following amendment compared to the current scheme: As of January 2016, Market Makers will have to quote the next four weekly expiries instead of only the next two weekly expiries, as before. This number is reduced by one expiry, if the standard expiry (third Friday) is part of the next four weekly expiries.

There are still two alternatives to fulfil, which equally qualify for Market-Making rebates and revenue sharing of 15 percent which will be equally distributed among up to five Market Makers.

Product

Alternative 1
(size)

Alternative 1 (spread)

Alternative 2    (size)

Alternative 2 (spread)

DAX®           Weeklies

100 (front week)
50 (following weeks)

50% wider than ODAX

50 (front week)
25 (following weeks)

in line with    ODAX

EURO STOXX 50® Weeklies

200 (front week)
100 (following weeks)

50% wider than OESX

100 (front week)
50 (following weeks)

in line with  OESX

An application for Market-Making in Weekly Options is not necessary.

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. 

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