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Oct 24, 2014

Eurex

Market-Making: 1. Change of determination of the strike price window for the Eurex KOSPI product; 2. Change of quote obligations for options on the RDX

Effective 27 October 2014, the Market Maker Obligations for the Eurex KOSPI Product (OKS2) and for the options on the RDX Index (ORDX) will change:

1. Due to new trading hours for the Eurex KOSPI Product (OKS2) effective 27 October 2014, trading at Eurex Exchange will start at the same time as trading of the KOSPI 200 Futures contracts at CME Globex. The KOSPI 200 Futures contracts of CME will be used as basis for determination of the strike price window. Since start of trading will be identical, the rules for determination of the strike price window will be adjusted.  

The Market Maker parameters for quotation times, maximum spreads and minimum quotation sizes (contracts) will remain unchanged.

2. The spread class for options on the RDX (ORDX) will change as follows:

  • For the first four expiration months: spread class 12 (before: 4)
  • As of the fifth expiration month: spread class 12 (unchanged)

The detailed changes are contained in the Market Maker Obligations which will be published on the Eurex website www.eurexchange.comon 27 October 2014 under the following link:  

Trading > Market model > Market-Making

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