A member of
Eurex
1. Introduction
As of 1 September 2020, market participants can benefit from an Asian Broker scheme for selected MSCI futures. This scheme targets market participants who act as Interdealer brokers during Asian trading hours.
2. Required action
Market participants interested in the Asian broker scheme are requested to send the attached form (Attachment 2) duly filled out to Eurex.
3. Details of the initiative
To further increase the activity in Asian MSCI Index-Futures, market participants based in Asia who act as Interdealer brokers and who have the ability to enter trades at Eurex directly from their Asian location can qualify for monetary incentives from September 2020 until December 2021. The following conditions need to be fulfilled:
Per traded contract during the aforementioned term, Eurex will pay the market participant a fixed amount, which differs between trades entered during roll months (March, June, September and December) and non-roll months. For trades, where the Broker initially takes both sides, buy and sell, the incentives will also be paid for both sides. Accordingly, for calendar spreads („rolls“), the incentives will be paid for both legs.
All amounts are in U.S. dollar (USD) and will be paid quarterly. Details are summarised in the table in Attachment 1.
Per product and broker, a maximum pay-out amount is fixed at USD 10,000 per month (in a roll month) or USD 7,500 per month (in a non-roll month).
Eurex reserves the right to adjust the selection of products, as well as the pay-outs on a quarterly basis. Any changes will be announced via another Eurex circular.
Interested parties, who want to participate in the Asian Broker scheme, are not allowed to participate in any other incentive scheme for MSCI derivates at Eurex simultaneously.
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: | Mezhgan Qabool, Equity & Index Sales, tel. +65 6597 3062, mezhgan.qabool@eurexchange.com; | |
Web: | www.eurexchange.com | |
Authorised by: | Randolf Roth |
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