On Sep. 2, EUREX Clear issued circular on changes to fee regulations.
EUREX Clear published Circular 073/2025: Fee regulations: 1. Revised availability of ETD P-Account fee for Disclosed Clients; 2. Uniform application of FX alternative fee.
Circular Overview
Executive Board of EUREX Clear AG decided, with effect from Dec. 1, 2025, to charge Disclosed Clients, who are not Trading Participants or affiliated to a Trading Participant, A-Account fee on volume transacted in respective P-Accounts, set out in Attachment 1.
Furthermore, from Dec. 1, 2025, alternative fee currency will be applied to all eligible FX Derivatives uniformly in all-or-none approach, although before that date, members could choose alternative fee on a product-by-product basis, as set out in Attachment 2.
In this context, the following measures will apply: Amendments to the Price List of EUREX Clear (Price List), effective date Dec. 1, 2025. and amendments to the form Choice of Fee Currencies for FX Products, with re-submission deadline Oct. 31, 2025.
To reflect decision to introduce these measures in the legal framework of EUREX Clear, with following provisions amended Numbers 3, 3.2.2.1 of the Price List of EUREX Clear.
As of the effective date, the full version of the amended Price List will be available for download on EUREX Clear website Eurex Clearing Rules & Regulations > 3. Price List
Required Action
Disclosed Clients who wish to make use of affiliate status are requested to get in touch with Key Account Manager and provide necessary documentation to prove affiliation to a trading participant so P-Account fee can be applied for transaction volume in future.
In order to benefit from the P-Account fee from start of the current initiative, all the documentation needs to be provided by Oct. 31, 2025 to the Key Account Manager.
Members who wish to make use of alternative fee currency in eligible FX Derivatives are kindly asked to fill in the form Choice of Fee Currencies for FX Products provided in Attachment 2, and to then send it to their own Key Account Manager by Oct. 31, 2025.
This also applies if they have previously handed in a respective form indicating all the individual products they wanted to utilize for the alternative fee currency arrangement.
However, no action is required for members who prefer to use the standard currency.
