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May 24, 2011

Eurex

Options on Tognum AG, Hochtief AG, Hermes International: Change of Market Maker Obligations

The following changes will become effective on June 1, 2011:

  1. Options on Tognum AG (TGM) and Hochtief AG (HOT) will be removed from the German Market-Making (AMM) package. Instead, Permanent Market-Making (PMM) will be offered for the two equity options. The number of exceptions will be eleven, as before.
  2. Options on Hermes International (HMI) will be assigned to spread class 8 (before: spread class 7).

As of the effective date, an updated overview of the Market Maker Obligations will be published on the Eurex website under the path:

www.eurexchange.com > Trading > Market Model > Market-Making > Market Maker Obligations

For direct access to the document click on the following link:

http://www.eurexchange.com/trading/market_model/market_making/obligations_en.html

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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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