A member of
Eurex
1. Introduction
The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision with effect from 1 September 2024:
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 October 2024. The amendments primarily focus on the calculation of the performance volume in section 4.1 and the multiplier framework in section 7.
Furthermore, the additional incentive component based on the open interest in Three-Month Euro STR Futures introduced on 1 July 2024 will be extended for the month of September, as described in section 4.1 of the PSS ‘Fixed Income 17 - Three-Month Euribor Futures and Three-Month Euro STR Futures’, as of 1 September 2024 with updated parameters.
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
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: | ||
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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