A member of
Eurex
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision to:
2. Required action
Liquidity Providers should adapt their quotation behavior accordingly.
3. Details of the initiative
Sections 4.1 and 7 of the PSS "Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures" will be amended with effect from 1 August 2024. The amendments primarily focus on participation condition in section 4.1 and the multiplier framework in section 7.
Furthermore, with effect from 1 July 2024, Eurex will introduce an additional incentive component for the month of July 2024, which will be activated if the Open Interest on Eurex reaches a minimum threshold as described in section 4.1.
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 version of the PSS documents is also available in PDF format on the Eurex website www.eurex.com under the following path:
Trade > Market-Making and Liquidity provisioning
Attachment:
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: | Market Development & Pricing, eurex.pricing@eurex.com | |
Web: | Trade > Market-Making and Liquidity provisioning | |
Authorized by: | Michael Peters |
Market Status ⓘ
XEUR
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