Eurex Frankfurt AG

11/30/2023 | News release | Distributed by Public on 11/30/2023 08:07

104/2023: Money Market Derivatives: Adjustment of the Liquidity Provider schemes for for Options on Three-Month Euribor Futures and One- and Two-Year Euribor Mid-Curve Options[...]

1. Introduction

The Executive Boards of Eurex Frankfurt AG and Eurex Clearing AG took the following decisions with effect from 1 January 2024:

  • The Product Specific Supplements (PSS) "Fixed Income 17" and "Fixed Income 18" will be amended as shown in the Attachments

2. Required action

Liquidity Providers should adapt their quotation behavior accordingly.

3. Details of the initiative

In both schemes, few amendments will be made to the quoting requirements. Furthermore, a new scheme on the Inter-Product-Spread between Euribor and Euro STR futures will be introduced in the PSS "Fixed Income 17" from 1 January 2024.

The PSS documents will be amended with effect from 1 January 2024, 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 link:

Trade > Market-Making and Liquidity provisioning

Attachments:

  • 1 - Amended PSS "Fixed Income 17 - STIR Futures"
  • 2 - Amended PSS "Fixed Income 18 - Options on Euribor 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, [email protected]

Web:

Market-Making and Liquidity provisioning

Authorized by:

Randolf Roth