Eurex Money Market Liquidity Program

Published on: Mar 4, 2025

On Feb. 27, Eurex issued amendment to the liquidity provider program.

  • The Executive Boards of Eurex Frankfurt AG and Eurex Clearing decided to amend the liquidity provider program for Three-Month Euribor Futures and Three-Month Euro STR Futures, as part of further their amendments to the Money Market Derivatives rules.
  • Follows May 2024 Eurex issued liquidity provider program amendment, see #210946.
  • Changes Overview
  • Sections 1, 3.1, 4.1, 5, 7, 8, 9 and 10 of the PSS Fixed Income 17 - Three-Month Euribor Futures and Three-Month Euro STR Futures will be amended from Apr. 1, 2025.
  • Amendments focus on adjustment of quotation size in sections 5.1, 5.2; introduction of an event scheme in sections 5.3, 8; adjustment of multiplier framework in section 7.
  • The amendment will be deemed to have been approved if Liquidity Provider does not lodge objections with Eurex, EUREX Clear within 2 weeks of notification of amendment.
  • Effectiveness
  • The decision is effective from Apr. 1, 2025.
Regulators
Eurex
Entity Types
B/D; Exch
Reference
Cir 018/2025, 2/27/2025
Functions
Compliance; Financial; Market Conduct; Trade Reporting; Trading
Countries
EU Exchange
Category
State
N/A
Products
Derivatives; Fixed Income; Futures; Securities
Rule Type
Final
Regions
EMEA
Rule Date
Feb 27, 2025
Effective Date
Apr 1, 2025
Rule ID
245345
Linked to
Reg. Last Update
Feb 27, 2025
Report Section
EU