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Eurex Clearing
1. Introduction
The Executive Boards of Eurex Clearing AG and Eurex Frankfurt AG took the following decision, with effect from 1 January 2026:
2. Required action
Liquidity Providers should adapt their quotation behavior accordingly.
3. Details of the initiative
A. Annual prolongation and amendment to the Liquidity Provider schemes
As part of the prolongation of the Liquidity Provider scheme, the validity will be amended, and the structure of the quotation requirements and incentives will be changed.
The PSS will be amended with effect from 1 January 2026, as shown in the Attachment. The amendment shall be deemed approved unless objected to by Eurex Clearing AG and Eurex Frankfurt AG within a period of two weeks after notification of this circular pursuant to Number 4 (2) of the Liquidity Provider Agreement.
As of 1 January 2026, the PSS will also be available in PDF format on the Eurex website www.eurex.com under the following path:
Market-Making and Liquidity provisioning
Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
Attachment:
PSS Equity Index 70 – Euro STOXX 50® EoD Index Options
Further information
Recipients: | All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Related circulars: | Eurex Circular 090/21 | |
| Contact: | ETD Trading Liquidity Management, liquidity@eurex.com | |
| Web: | www.eurex.com/ec-en/ | |
Authorized by: | Matthias Graulich |