A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland and the Executive Board of Eurex Frankfurt AG took the following decisions with effect from 1 September 2019:
2. Required actions
Liquidity Providers (LP) should adapt their quotation behaviour accordingly.
3. Details
With effect from 1 September 2019, due to the retail nature of the Eurex Daily Futures on KOSPI 200 Options (OKS2) product, Liquidity Provider (LP) quotation with two-sided limit orders will be included in the LP measurement for that respective product. The provisioning of liquidity via quotes will remain unchanged.
To prevent that the measured Liquidity Provider performance for the Eurex EnLight Building Block may be adversely impacted by bilateral RFQs, Eurex Deutschland and Eurex Frankfurt AG decided to exclude such RFQs from the overall market count. This means, going forward, only those valid Eurex EnLight RFQs will be counted into the total market statistics that are addressed to more than one responder. This may result in a reduced number of total market RFQs.
This might be relevant for Eurex EnLight Liquidity Providers, who have passed the EnLight certification test, against the background that if – per product and calendar month – the total market has received 15 RFQs or less, and the Eurex EnLight Liquidity Provider has received five RFQs or less. In this case, the Eurex EnLight LP rebate will be considered as fulfilled regardless of the actual response behaviour.
With effect from 1 September 2019, the General Supplement to the Liquidity Provider Agreement will be amended, as outlined in Attachment 4.
With effect from 1 September 2019, the following changes will be made in the Liquidity Provider scheme Equity-01 for the equity options specified below:
Type of change | Option on | Product ID | Old parameters | New parameters |
Spread Class | PUBLICIS GROUPE | PU4 | 2 | 7 |
Spread Class | ALSTOM | AOM | 2 | 9 |
Spread Class | ALLIANZ SE | ALV | 3 | 4 |
Spread Class | PUMA | PUM | 9 | 8 |
Quote Size | PUMA | PUM | 10 | 50 |
In the "Product Specific Supplement (PSS) for Weekly Options on DAX® Index”, a change is made to further elaborate on the fulfilment criterion for the Package Building Block.
Attachments:
(all valid as of 1 September 2019)
| Recipients: | All Trading Participants of Eurex Deutschland and Vendors |
| Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
| Contact: | Derivatives Trading Operations, eurextrading@eurexchange.com, T +49-69-211-1 12 10 |
| Web: | www.eurexchange.com |
| Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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