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Jan 29, 2026

Eurex

Money Market Derivatives: Amendment of the Liquidity Provider Programs for “Three-Month EURIBOR Futures and Three-Month Euro STR Futures”

Eurex Circular 005/26 Money Market Derivatives: Amendment of the Liquidity Provider Programs for “Three-Month EURIBOR Futures and Three-Month Euro STR Futures”

1.  Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decision with effect from 1 February 2026:

  • To amend the Product Specific Supplement (PSS) „Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures“ as shown in the Attachment. 

2.  Required action

Liquidity Providers should adapt their quotation behavior accordingly.

3.  Details of the initiative

Product Specific Supplement (PSS) „Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures”

The additional incentive component based on the open interest in Three-Month Euro STR Futures initially introduced on 1 July 2024 will be extended for the month of February 2026, as described in section 4.1 of the PSS "Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR Futures". It will be effective as of 1 February 2026 with updated parameters.

Furthermore, effective from 1 March 2026, the amendments in section 4.1 with regards to the calculation of the “performance volume” will be adjusted as shown in the Attachment.

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 link: 

Market-Making and Liquidity provisioning 
 

Attachment:

  • Amended PSS “Fixed Income 17 – Three-Month Euribor Futures and Three-Month Euro STR 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 

Contact: 

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

Web: 

Market-Making and Liquidity provisioning

Authorized by: 

Matthias Graulich


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