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01 Aug 2023

Eurex

Money Market Futures: Amendment to the Liquidity Provider Scheme for Three-Month Euro STR Futures and 3M SARON® Futures

058/23 Money Market Futures: Amendment to the Liquidity Provider Scheme for Three-Month Euro STR Futures and 3M SARON® Futures

1.  Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision, with effect from 1 September 2023:

  • Amendment to the Liquidity Provider Scheme for Three-Month Euro STR Futures and 3M SARON® Futures

The Liquidity Provider scheme supports the launch of the Three-Month Euro STR Futures, which started trading on 23 January 2023, and develops liquidity in the 3M SARON® Futures.

For details of the Liquidity Provider scheme, please refer to the attached Product Specific Supplement (PSS).

The new scheme terms will be valid from 1 September 2023 until 31 January 2024.

The PSS will be provided as single PDF file on the Eurex website www.eurex.com under the following path: Trade > Market-Making and Liquidity provisioning.

Production start: 1 September 2023

2.  Required action

There is no action required for participation.

3. Details

To support the launch of the Three-Month Euro STR Futures and develop liquidity in the 3M SARON® Futures, Eurex introduced a Liquidity Provider Scheme effective from 23 January 2023. 

Market participants are entitled to receive monetary incentives in the form of fee rebates and additional incentives upon fulfilling the order-book quoting requirements specified in the document attached.

Please refer to the attached Product Specific Supplement, which are also available on the Eurex website under the following link:

Trade > Market-Making and Liquidity provisioning
 

Attachment:

  • PSS Fixed Income 15 – Money Market Futures 

Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

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

Contact:

Pricing & Market Making, eurex.pricing@eurex.com

Related circulars: 

Eurex circular 108/22

Web:

Trade > Market-Making and Liquidity provisioning 

Authorized by:

Randolf Roth

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