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30 Jul 2024

Eurex

VSTOXX Derivatives and Futures on MSCI Indices: Adjustment of the Liquidity Provider schemes

Eurex Circular 075/24 VSTOXX Derivatives and Futures on MSCI Indices: Adjustment of the Liquidity Provider schemes

1. Introduction 

The Executive Board of Eurex Frankfurt AG decided, with effect from 1 September 2024, to amend the following Product Specific Supplements according to the corresponding Attachments:

  • „Equity Index 01 – Futures on MSCI Indices”
  • „Equity Index 15 – Futures on VSTOXX Index”
  • „Equity Index 16 – Options on Futures on VSTOXX Index”

2. Required action 

There is no required action for the Trading Participants. Liquidity Providers should make sure to adjust their quoting behaviour.

3. Details

In the scheme for the Futures on MSCI Indices, another two products will be added to the quarterly quotation of the calendar rolls (LP4).Simultaneously, the quotation period will be shortened by one day.

In the scheme for the Futures on VSTOXX, as well as the Options on VSTOXX Futures, a few quotation parameters will be adjusted. This relates to the quote coverage, the spread and size requirements, as well as the number of strikes to be quoted.

For the Options on VSTOXX Futures, there will also be changes in the incentives and the distribution of those.

The amendments will be deemed to have been approved if the Liquidity Provider does not lodge objections with Eurex Frankfurt AG and Eurex Clearing AG within two (2) weeks of notification of the amendment, by means of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.

The updated Product Specific Supplements (PSS) will be provided in PDF format on the Eurex website www.eurex.com under the following link:

Trade > Market-Making and Liquidity provisioning

Attachments

  • 1 – Amended Product Specific Supplement „Equity Index 01 – Futures on MSCI Indices”
  • 2 – Amended Product Specific Supplement „Equity Index 15 – Futures on VSTOXX Index”
  • 3 – Amended Product Specific Supplement „Equity Index 16 – Options on Futures on VSTOXX Index”

Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors 

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration

Contact:

client.services@eurex.com 

Web:

Market-Making and Liquidity provisioning

Authorized by:

Randolf Roth

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