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At their meeting of 12 February, 2002 the Management Board of Eurex Clearing AG took the decision to modify the method of fee accounting for market making in options on capital market futures. The new fee accounting method will take into account the high level of OTC block trade business performed in this segment and the high take-up volume
in the A- or P-accounts for market makers. Retroactively, as of 02 January, 2002, the fee model will be adjusted by extending market maker fee refunds to cover the net position account transfers in these products towards M-accounts, up to a maximum of the overall take-up volume in each product.
Reduced market maker fees remain tied to the fulfillment of the market maker obligations. For each of these products, the reduced fees apply for all contracts traded on the M-account, as well as for net positions transferred onto the Maccount up to a maximum of the overall take-up volume. The criteria for fulfilling the market maker obligations in the options on capital market futures remain unchanged.
The revised fee accounting method will apply to the following contracts retroactively from 02 January, 2002:
To monitor market maker performance, the report RPTTD945 (MM Performance – Fee-relevant) is available to each market making institution. In addition to the daily data relating to unfulfilled obligations (quote request violations) this report also contains month-to-date values so that any deficit is always clearly shown.
For technical reasons the market maker performance data from the last trading day in any calendar month is included only in quote request violation statistics of the following month.
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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