A member of
Eurex
1. Introduction
The Management Board of Eurex Deutschland and the Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions:
With effect from 1 January 2020:
with effect from 6 January 2020:
These changes are reflected in the General Supplement (GS) and the Product Specific Supplements (PSS) to the Liquidity Provider Agreement which are attached to this circular.
2. Required action
Liquidity Providers should adapt their quotation behaviour accordingly.
3. Details
3.1 Annual prolongation and amendment of Liquidity Provider schemes
A majority of Product Specific Supplements (PSS) to the Liquidity Provider Agreement will expire at the end of 2019 and therefore need to be prolonged, some of them with changed parameters. This also includes changes to the existing PSS "Equity 01", which does not expire at the end of 2019 (see section 3.3 of this circular).
Table 1 in Attachment 1 lists all Product Specific Supplements that are subject to prolongation and/or change, effective as of 1 January 2020. All prolonged and/or changed PSS are also attached to this circular (Attachment 3).
In the course of December 2019, the PSS will be made available as single PDF files on the Eurex website www.eurexchange.com under the following path:
Trading > Market-Making and Liquidity provisioning
3.2 Change of General Supplement with regards to Eurex EnLight
The following changes will be made with regards to Eurex EnLight, effective from 1 January 2020:
This increase in the response time will allow Eurex EnLight Liquidity Providers to improve the quality of their initial quotes.
This prolongation recognises the implementation efforts of some vendors who are currently implementing Eurex EnLight connectivity into their systems. Some of these efforts will be finalised by the beginning of next year. In order to ensure continued Eurex EnLight activity from those Liquidity Providers that rely on these vendor solutions, a prolongation of the alternative solution is proposed.
3.3 Change in size- and spread classes for selected equity options
With effect from 6 January 2020, changes will be made in the Liquidity Provider scheme for the equity options as specified in Table 2 of Attachment 1.
Attachments:
Further information
| Recipients: | All Trading Participants of Eurex Deutschland and Vendors |
| Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination |
| Contact: | Eurex Market Models, marketmaking@eurexchange.com |
| Related circular: | Eurex circular 039/19 |
| Web: | Market-Making and Liquidity provisioning |
| Authorized by: | Randolf Roth |
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.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.