A member of
Eurex
1. Introduction
The Executive Boards of Eurex Deutschland and Eurex Clearing AG took the following decisions:
2. Required action
Liquidity Providers should adapt their quotation behavior accordingly.
3. Details of the initiative
In both schemes a few amendments will be made to the quoting parameters. In the MSCI Futures program, those changes (relaxations) are related to the quotation of the basis (LP5). In return, the revenue sharing component will be reduced.
In the scheme for Futures during Asian hours (FESB, FXXP, FVS), a new stipend component will be added.
The PSS will be amended with effect from 1 September 2023 (MSCI) or 1 August 2023 (FESB, FXXP, FVS), as shown in the attachments. The amendments shall be deemed approved unless objected to Eurex Frankfurt AG and Eurex Clearing AG within a period of two weeks after notification of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.
The current versions of the PSS documents are also available in PDF format on the Eurex website www.eurex.com under the following path:
Trade > Market-Making and Liquidity provisioning
Attachments:
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: | Market Development & Pricing, eurex.pricing@eurex.com | |
Web: | Market-Making and Liquidity provisioning | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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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.
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