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Eurex EnLight: Temporary transaction fee waiver for certain Eurex EnLight trades

Release date: 12 Aug 2019 | Eurex Exchange

081/2019 Eurex EnLight: Temporary transaction fee waiver for certain Eurex EnLight trades

Eurex Circular 081/19 Eurex EnLight: Temporary transaction fee waiver for certain Eurex EnLight trades

1. Introduction

To foster transparency and to improve efficiency around the negotiation of off-book transactions, Eurex Exchange aims to further incentivise the usage of Eurex EnLight.

Therefore, the Management Board of Eurex Deutschland decided to introduce a temporary transaction fee waiver for Requesters on Eurex EnLight.

Eurex EnLight is available for all Single Equity and Equity Index options, Fixed Income options and corresponding strategies tradable at Eurex Deutschland.

The transaction fee waiver for Requesters on Eurex EnLight will be effective from 1 September until 31 December 2019.

2. Required action

No separate agreements are needed. All Eurex Trading Participants can use the service. Eurex EnLight can be accessed through the Eurex T7 GUI or via the T7 Enhanced Trading Interface (ETI).

3. Details of the intitiative

The temporary fee waiver will apply to Requesters for Eurex EnLight trades, which

  • resulted out of a request from a Requester’s P- or M-Account which had been directed to at least two market participants with a Member ID different from the Requester’s, and
  • were concluded between different Member IDs. 

After an account transfer or give-up, transactions will not be eligible for the fee waiver anymore. Eurex EnLight transactions benefitting from the fee waiver will not be considered for the calculation of volume rebates.

Eurex EnLight is a fully integrated exchange RFQ platform, designed to enhance market structure and bring together buying and selling interest from all types of market participants engaged in off-book trading. 

The fully automated solution replicates the core aspects of voice trading while providing its users all the advantages of automatic electronic price formation, data collection and timely information retrieval to meet MiFID II Best Execution requirements. 

Eurex EnLight is an additional exchange execution mechanism serving larger scale execution requirements, not suited for the central limit order book.
 

Attachments:
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Recipients:All Trading Participants of Eurex Deutschland and Vendors
Target groups:Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Contact:Equity & Index Sales: Philipp Schultze, philiipp.schultze@eurexchange.com;
Fixed Income Sales: Vassily Pascalis, vassily.pascalis@eurexchange.com
Related Eurex circular:022/19
Eurex Initiatives page:Eurex EnLight
Authorized by:Michael Peters