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Feb 18, 2008

Eurex

Single Stock Futures: Designated Market-Making - Revenue Sharing Scheme and Quote Obligations

In order to promote trading activities in Single Stock Futures contracts on the blue chip index DAX® 30 and Dow Jones EURO STOXX 50® index components, the Executive Board of Eurex Clearing AG decided in its session on January 23, 2008, to offer a Designated Market-Making (DMM) Scheme and a revenue sharing program in these products in the period between March 1, 2008 to February 28, 2010.

As a DMM, a Eurex Member agrees to supply continuous bid and ask prices (quotes) for a determined minimum number of contracts during a fixed period of time in compliance with maximum spreads.

If a Designated Market Maker fulfils the obligations, Eurex in return will reimburse 100 percent of the fees for transactions concluded by the Designated Market Maker on M-accounts. Furthermore, for Market Makers registering before the DMM program begins, Eurex offers a revenue sharing scheme.

For details and the exact parameters of the quote obligations and the revenue sharing scheme, please see attachment 1.

Participants interested in fulfilling Designated Market Maker functions should complete the Designated Market Maker application form (attachment 2) and return it to Eurex at fax no. +49-69-211-1 44 61, for the attention of Sascha Semroch, who will also be happy to answer any questions you may have.

Market Status ⓘ

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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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