Due to the ongoing increased market volatility with regard to the recent events at Silicon Valley Bank, Eurex has adjusted the parameters for the calculation of the Order-to-Trade Ratio (OTR) as well as the parameters for the calculation of the Excessive System Usage Fee (ESU) as of 15 March 2023. The adjusted parameters are valid for all products admitted to trading at Eurex Deutschland until 31 March 2023.
The goal of this measure is to provide all market participants with enough headroom to continue regular trading and market-making activities for all products admitted to trading at Eurex Deutschland.
In particular, Eurex has decided to change the parameters for the calculation of the Order-to-Trade-Ratio to
and to change the parameters for the calculation of the Excessive System Usage Fee to
Effective date: 15 March 2023
2. Required action
No action is required.
The table in Attachment 1 shows the amended parameters used to calculate the OTR for all product groups.
The table in Attachment 2 shows the amended parameters used to calculate the ESU Limit for all limit types and product groups.
All Trading Participants of Eurex Deutschland and Vendors
Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
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