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01 Dec 2017

Eurex

Regulatory Market-Making and Liquidity Provisioning: Implementation details

With Eurex circular 102/17, Eurex Deutschland and Eurex Zürich (collectively: the Eurex Exchanges) have announced the introduction of Regulatory Market-Making and the introduction of the Eurex Liquidity Provider Framework.

This circular announces:

1. Further details regarding Regulatory Market-Making (RMM): Admission requirements, initial admission, changes regarding the use of eListing Tool and quotation parameters

2. Stress Presence Building Block-Parameters for non-monetary schemes

3. Changes regarding the usage of eListing Tool for Liquidity Provisioning

4. Adaptations of the Liquidity Provider Agreement (LPA) and the General Supplement to the LPA in order to reflect changes with regard to the usage of the eListing Tool and further editorial changes.

The changes listed under points 2, 3, and 4 will become effective on 1 January 2018. The change listed under point 1 will become effective on 3 January 2018.

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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