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Sep 29, 2011

Eurex

Single Stock Futures: Incentive Scheme for Designated Market-Making Extended

The Executive Board of Eurex Clearing AG decided to extend the current Designated Market-Making scheme until December 31, 2012. As Designated Market Makers Members (DMMs), participants commit themselves to continuously provide bid and ask prices for a specified minimum number of contracts in compliance with maximum spreads for a specified period of time.
In return, Eurex Clearing will refund a certain portion of transaction fees for trades concluded by DMMs on M accounts in all SSFs in the respective package. Refunds of transaction fees amount to 80 percent for trades concluded in the electronic order book and 50 percent for trades concluded in the OTC Block Trading facility.
For details on the parameters of the quote obligations, please refer to attachment 1.
If you are interested in becoming a Designated Market Maker, please send the completed application form (attachment 2) to Eurex, c/o Tobias Ehinger, fax number +44-207-862 92 31. Tobias Ehinger will also gladly answer any questions you may have.
The latest Market Maker Obligations are available on the Eurex website under the path:
www.eurexchange.com > Trading & Products > 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_makin /obligations_en.html

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. 

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