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 October 2026:
2. Required action
Liquidity Providers should adapt their quotation behavior accordingly.
3. Details of the initiative
A. 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 to 31 October 2026 with the same parameters, as described in section 4.1 of the PSS "Fixed Income 17 - Three-Month Euribor Futures and Three-Month Euro STR Futures".
Furthermore, as of 1 October 2026, the Liquidity Provision Scheme will be amended to extend the Phase I stipend period until 31 October 2026, supporting continuity of liquidity provision and facilitating the transition toward the revenue-sharing phase.
With effect from 1 October 2026, the fulfillment requirements relating to Tier 2 Calendar Spreads in Three-Month EURIBOR Futures (FEU3) and Three-Month Euro STR Futures (FST3) shall cease to apply and will be removed from the requirements set out under “Phase I: Additional Supporter Incentive”. All references to this requirement within the incentive framework shall be deemed amended accordingly from the effective date of 1 October 2026.
B. For information purposes only: Announcement on extension of the activation of bundle synthetics to include 3-year Bundle instruments for Money Market Index Futures
With the activation of bundle synthetics on 27 July 2026, only Pack or 2-year Bundle instruments, were considered. As of 14 September 2026, Bundle instruments of three years will be considered for matching.
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 under the following path: 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: | Matthias Graulich |
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XEUR
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