1.  Introduction

With this circular, we would like to inform you about amendments to the Xetra Liquidity Provider Programme Agreement (“XLPP Agreement”) with effect from 1 February 2023.

2.  Required actions

No actions are required by Trading Participants: The amendments also apply to all existing XLPP Agreements. The additional incentives are granted automatically to Xetra Liquidity Providers fulfilling the performance requirements, without any need to preselect these.

Xetra Liquidity Providers are recommended to consider the amendments of the XLPP Agreement for their liquidity provision activity.

3. Details

With the amendment of the XLPP Agreement, two additional incentives will be piloted for liquidity provision in DAX^® shares.

The first amendment concerns the introduction of an additional option to achieve a 100 percent refund of transaction fees, based on an alternative performance measurement, which includes posting higher volume at touch. The second amendment concerns the introduction of an additional payment for price-setting orders on Xetra.

The amendment of the XLPP Agreement is deemed to be approved, unless the Xetra Liquidity Provider raises objections in writing with Deutsche Börse AG, Mergenthalerallee 61, 65760 Eschborn, within one week after announcement.

The currently valid version of the XLPP Agreement and the form “Xetra Liquidity Provider Programme/Designation of Trader IDs” can be accessed on the Xetra website www.xetra.com under the following link:

Trading > Trading fees and charges > Liquidity Provider Programme

Attachment: 

• Xetra Liquidity Provider Programme Agreement, valid as of 1 February 2023

Further information