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Jan 22, 2009

Eurex

Market Maker Obligations in Fixed Income Options: Change

Effective February 2, 2009 quotation requirements for Market Makers in Options on Euro-Bund, Euro-Bobl and Euro-Schatz Futures at Eurex will be changed. The adjustment will affect parameters in the different Market-Making models, i.e. Permanent Market-Making (PMM) and Advanced Market-Making (AMM).

The strike price window for permanent quotation is extended from 7 to 13 strikes around the current underlying price. The quote spreads for the second contract month are doubled.

Members who are taking part in Market-Making are kindly requested to adjust their system settings accordingly. It is highly recommended to verify market maker performance in the first days of February 2009 using the respective Eurex MMPM reports.

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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.