Eurex Market-Making and Liquidity Provisioning

Updated on: Oct 14, 2026

Latest Event


  • Oct. 2026 Options on ETFs Amendment
  • On Oct. 9, 2026, Eurex published an amendment to Liquidity Provider Program for Options on ETFs.
  • Circular 066/26 ETF Options: Amendment of the Liquidity Provider Program for Options on ETFs amends Product Specific Supplement (PSS) "Equity 04 – Options on ETFs".
  • The amendments come into force on Nov. 1, 2026, and liquidity providers should adapt their quotation behavior accordingly.
  • The amendments are aimed at improving on-screen liquidity, strengthening price discovery, and supporting growth in institutional and retail ETF options segments.
  • Differentiated incentives and quoting requirements tailored to each client segment are introduced to the amended Liquidity Provider Scheme.
  • The amendments will be considered approved unless liquidity providers object to Eurex and EUREX Clear within two weeks of notification of Circular 066/26.
  • The objection procedure is laid out in Number 4(2) of the Liquidity Provider Agreement.

On Sep. 30, Eurex issued circular on modernization of web materials.

  • Eurex issued new Circular 063/26 Modernization of the Market-Making and Liquidity Provisioning website and relocation of LPA supplements, on enhanced user experience.
  • Circular Content
  • To enhance user experience and streamline information access, Eurex is introducing a modernized Market-Making and Liquidity Provisioning section on its website and is relocating some documents with relevance for the commercial Liquidity Provisioning.
  • Participants will thus benefit from clearer, more accessible information and a secure, centralized location for important contractual documents within the Member Section.
  • As part of Eurex’ measures to enhance its digital presence, it has launched modernized Market-Making and Liquidity Provisioning section, and with a clearer revised structure.
  • The General Supplement (GS) and the Product Specific Supplements (PSS) to Liquidity Provider Agreement are now exclusively available within the secure Member Section.
  • Future amendments to the LPA, GS and PSS will still be announced via Eurex Circulars.
  • To support participants, Eurex hasd published a new resource Market-Making and Liquidity Provisioning starter pack, as a comprehensive guide to the essentials.
  • There are no requirements for any participant employees with access Member Section.
  • Effectiveness
  • Changes are effective from Sep. 30, 2026 and relevant for all participants and vendors.
  • Oct. 2026 Options on ETFs Amendment
  • On Oct. 9, 2026, Eurex published an amendment to Liquidity Provider Program for Options on ETFs.
  • Circular 066/26 ETF Options: Amendment of the Liquidity Provider Program for Options on ETFs amends Product Specific Supplement (PSS) "Equity 04 – Options on ETFs".
  • The amendments come into force on Nov. 1, 2026, and liquidity providers should adapt their quotation behavior accordingly.
  • The amendments are aimed at improving on-screen liquidity, strengthening price discovery, and supporting growth in institutional and retail ETF options segments.
  • Differentiated incentives and quoting requirements tailored to each client segment are introduced to the amended Liquidity Provider Scheme.
  • The amendments will be considered approved unless liquidity providers object to Eurex and EUREX Clear within two weeks of notification of Circular 066/26.
  • The objection procedure is laid out in Number 4(2) of the Liquidity Provider Agreement.
Regulators
Eurex
Entity Types
B/D; Corp; Exch
Reference
Cir 066/26, Info 10/9/2026; Cir 063/26, Info 9/30/2026
Functions
Compliance; Legal; Trade Reporting; Trading
Countries
EU Exchange
Category
State
N/A
Products
Corporate; Derivatives; Equity; ETFs; Fixed Income; Issuance/IPO; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Sep 30, 2026
Effective Date
Nov 1, 2026
Rule ID
314741
Linked to
N/A
Reg. Last Update
Oct 9, 2026
Report Section
EU