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28 Aug 2020

Eurex

Foreign Exchange (FX) derivatives: Amendments to the Liquidity Provider scheme for ETD FX Futures and Rolling Spot Futures

Eurex Circular 066/20

1.  Introduction

The Management Board of Eurex Deutschland, the Executive Board of Eurex Frankfurt AG and the Executive Board of Eurex Clearing AG took the following decision with effect from 1 October 2020:

  • Amendment of the “Product Specific Supplement (PSS) for FX Futures and Rolling Spot Futures” to the Liquidity Provider Agreement

The amendments to the Product Specific Supplement for FX Futures and Rolling Spot Futures (“PSS”) are made to support the continuous market and volume development. 

The Product Specific Supplement shall be amended with effect from 1 October 2020 according to the Annex to further substantiate the granting of incentives to the benefit of Liquidity Providers. The amendments will be deemed to have been approved if Liquidity Provider does not lodge objections within fifteen (15) business days of notification of the amendment according to clause 4 (2) of the Liquidity Provider Agreement. 

2.  Participation requirements

In order to participate in the Liquidity Provider scheme for FX Futures and Rolling Spot Futures, Liquidity Providers must fulfil the specific quality criteria and conditions, as outlined in the attached PSS to the Liquidity Provider Agreement.

Interested Eurex Trading Participants are invited to become Liquidity Providers in the FX Futures and Rolling Spot Futures scheme and to contact Eurex Exchange for this purpose. 

3.  Details of the initiative

Please refer to the attachment for details.

Attachment:

  • Amended “Product Specific Supplement for FX Futures and Rolling Spot Futures”


Further information

Recipients:

All Trading Participants of Eurex Deutschland

Target groups:

Front Office/Trading, Middle + Backoffice

Contact:

Andreas Stillert, tel. +49-69-211-1 72 78, andreas.stillert@eurexchange.com

Related Eurex circulars:

026/18, 093/18, 084/19

Web:

www.eurexchange.com

Authorised by:

Michael Peters


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