March 4, 2025 (NO COMMENTS)

A recent adjustment to Eurex’s incentive programme for liquidity providers in short-term interest rate (Stir) products has reduced the amount of activity it sees in the middle of the euro short-term rate (€STR) curve and boosted trading in near-term maturities – though open interest in front-month contracts still lags.

The update to Eurex’s incentive scheme, made last October, capped the number of butterfly trades that count towards thresholds that liquidity providers must meet to claim a share