Eurex
1. Introduction
The Management Board of Eurex Deutschland took the following decision with effect from 15 April 2024:
With this circular, Eurex Deutschland (“Eurex”) would like to provide you with additional information on the planned introduction of the Passive Liquidity Protection (“PLP”) for the Options on Fixed Income Futures and Options on Money Market Index Futures product suites, which is scheduled for 15 April 2024.
The PLP deferral time will be set to 1 millisecond for production and simulation for these products.
2. Action required
There is no particular action required. Participants interested in testing the PLP functionality for the new supported products should use the Eurex simulation environment for testing. PLP had been made available for these products in simulation on 29 December 2023.
3. Details of the initiative
On 15 April 2024, PLP will be activated for the following products with a deferral time of 1 millisecond:
Eurex will constantly monitor the trading activity changes and order book dynamics in order to evaluate the appropriateness of the deferral times and may change them after transparent communication in case empirical results provide evidence that a change is required.
For more information on the PLP functionality, please see the dedicated PLP page on the Eurex website with in-depth insights into how and why Eurex has pioneered the provision of a functional solution to level the playing field for Trading Participants, as well as additional highlights on the effects the introduction of PLP had on the trading characteristics and liquidity picture of equity and index options.
For further information please see:
Trade > Eurex PLP
The full version of the updated Contract Specifications will be published on the Eurex website www.eurex.com as of start of trading under:
Rules & Regs > Eurex Rules & Regulations > 03. Contract Specifications
Attachment:
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: | client.services@eurex.com | |
Related circulars: | ||
Web: | ||
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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