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29 Dec 2020

Eurex

Foreign Exchange (FX) derivatives: Amendments to the Liquidity Provider scheme for ETD FX Futures and Rolling Spot Futures

Eurex Circular 104/20 Foreign Exchange (FX) derivatives: Amendments to the Liquidity Provider scheme for ETD FX Futures and Rolling Spot Futures

1.  Introduction

Eurex Frankfurt AG and Eurex Clearing AG herewith announce to amend the “Product Specific Supplement (PSS) for FX-Futures and Rolling Spot-Futures” of the “Liquidity Provider Agreement” with effect from 1 February 2021, as shown in the attachment to this circular.

The amendments will be deemed to have been approved if Liquidity Providers do not lodge objections within fifteen (15) business days of notification of the amendment according to cause 4 (2) of the Liquidity Provider Agreement.

2.  Action required

In order to participate in the Liquidity Provider scheme for FX Futures and Rolling Spot Futures, Liquidity Providers must fulfil the specific quality criteria and conditions, as outlined in the attached PSS to the Liquidity Provider Agreement. 

Interested Eurex Trading Participants are invited to become Liquidity Providers in the FX Futures and Rolling Spot Futures scheme and to contact Eurex Exchange for this purpose.

3.  Details of the initiative

Changes to the "Additional Market Share" incentive

The amendments to the Product Specific Supplement for FX Futures and Rolling Spot Futures (“PSS”) are made to extend the maximum term of the incentive component “Additional Market Share” from 31 March 2021 to 31 December 2021 to support the continuous market and volume development. The structure of the monthly volume thresholds will not change.

Attachment: 

  • Amended “Product Specific Supplement for FX Futures and Rolling Spot Futures”


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Related Eurex circulars:

026/18, 093/18, 084/19, 066/20

Contact:

Andreas Stillert, tel. +49-69-211-1 72 78, andreas.stillert@eurex.com

Web:

www.eurex.com

Authorised by:

Michael Peters


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