Appendix 1
Designated Market Maker Application
for CurveGlobal Products
Introduction
This form should be completed by London Stock Exchange member firms seeking to become a
Designated Market Maker (DMM) in CurveGlobal products trading on the London Stock Exchange
Derivatives Market.
Member firms should read the Designated Market Marker Programme: Request for Proposal
document before completing this application form. If you have any questions on completing the
form, please contact the LSEDM Sales Team on +44 (0) 20 7797 3833.
1. Applicant Details
Member firm name
Head Office Address
Application Contact Name
Job Title
Telephone Number
Email Address
Delegation of DMM Responsibilities
The member firm may delegate its DMM responsibilities to a client but will remain responsible for the
fulfilment of DMM obligations and all trading activities under its trading codes.
Is the member firm applying for DMM status on behalf of a client?
Where applicable, please complete client details below:
Client Company Name:
Head Office Address:
Client Contact Name:
Job Title:
Telephone Number:
Email Address:
2. Proposed DMM Obligations
Please indicate in the table below the parameters of the DMM proposal against each related product:
OUTRIGHTS - Three month Euribor® Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 - Q4
Whites
Tier 2
Tier 3
Tier 1
Serials
Whites
Tier 2
Tier 3
Tier 1
Q5 - Q8
Reds
Tier 2
Tier 3
Q9 - Q10
Q11 - Q12
Q13 - Q14
Q15 - Q16
Q17 - Q18
Q19 - Q20
Q21 - Q22
Q23 - Q24
Front
Greens
Back
Greens
Front
Blues
Back
Blues
Front
Golds
Back
Golds
Front
Purples
Back
Purples
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
2
CALENDAR SPREADS - Three month Euribor® Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 / Q3*
Tier 2
Tier 3
Tier 1
Q2 / Q4
Tier 2
Tier 3
Tier 1
Q3 / Q5
Tier 2
Tier 3
Tier 1
Q4 / Q6
Tier 2
Tier 3
Tier 1
Q5 / Q7
Tier 2
Tier 3
BUTTERFLY SPREADS - Three month Euribor® Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 / Q2 / Q3
Tier 2
Tier 3
Tier 1
Q2 / Q3 / Q4
Tier 2
Tier 3
Tier 1
Q3 / Q4 / Q5
Tier 2
Tier 3
Tier 1
Q4 / Q5 / Q6
Tier 2
Tier 3
Tier 1
Q5 / Q6 / Q7
Tier 2
Tier 3
*The above combination of quarters within a spread is an example and other combinations are possible.
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CONDOR SPREADS - Three month Euribor® Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 / Q2 / Q3 / Q4
Tier 2
Tier 3
Tier 1
Q2 / Q3 / Q4 / Q5
Tier 2
Tier 3
Tier 1
Q3 / Q4 / Q5 / Q6
Tier 2
Tier 3
Tier 1
Q4 / Q5 / Q6 / Q7
Tier 2
Tier 3
Tier 1
Q5 / Q6 / Q7 / Q8
Tier 2
Tier 3
*Continuous trading session on Normal Trading Day for Three month Euribor® Futures ® runs from 07:00 – 21:00
(London Time)
*Continuous trading session on Half Trading Day for Three month Euribor® Futures ® runs from 07:00 – 12:00
(London Time)
OUTRIGHTS - Three month Sterling Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 - Q4
Whites
Tier 2
Tier 3
Tier 1
Serials
Whites
Tier 2
Tier 3
Tier 1
Q5 - Q8
Reds
Tier 2
Tier 3
Q9 - Q10
Q11 - Q12
Q13 - Q14
Front
Greens
Back
Greens
Front
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
4
Blues
Tier 2
Tier 3
Back
Blues
Q15 - Q16
Q17 - Q18
Front
Golds
Back
Golds
Q19 - Q20
Front
Purples
Q21 - Q22
Q23 - Q24
Back
Purples
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
Tier 1
Tier 2
Tier 3
CALENDAR SPREADS (six month) - Three month Sterling Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 / Q3
Tier 2
Tier 3
Tier 1
Q2 / Q4
Tier 2
Tier 3
Tier 1
Q3 / Q5
Tier 2
Tier 3
Tier 1
Q4 / Q6
Tier 2
Tier 3
Tier 1
Q5 / Q7
Tier 2
Tier 3
5
BUTTERFLY SPREADS - Three month Sterling Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 / Q2 / Q3
Tier 2
Tier 3
Tier 1
Q2 / Q3 / Q4
Tier 2
Tier 3
Tier 1
Q3 / Q4 / Q5
Tier 2
Tier 3
Tier 1
Q4 / Q5 / Q6
Tier 2
Tier 3
Tier 1
Q5 / Q6 / Q7
Tier 2
Tier 3
CONDOR SPREADS - Three month Sterling Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Q1 / Q2 / Q3 / Q4
Tier 2
Tier 3
Tier 1
Q2 / Q3 / Q4 / Q5
Tier 2
Tier 3
Tier 1
Q3 / Q4 / Q5 / Q6
Tier 2
Tier 3
Tier 1
Q4 / Q5 / Q6 / Q7
Tier 2
Tier 3
Tier 1
Q5 / Q6 / Q7 / Q8
Tier 2
Tier 3
* Continuous trading session on Normal Trading Day for Three month Sterling Futures runs from 07:30 – 18:00
(London Time)
* Continuous trading session on Half Trading Day for Three month Sterling Futures runs from 07:30 – 12:00 (London
Time)
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Schatz Futures
Delivery Month
Quotes
(bps)
Tier
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Tier 2
Q1
Tier 3
Tier 4
Tier 5
*Continuous trading session on Normal Trading Day for Schatz Futures runs from 07:00 – 21:00 (London Time)
*Continuous trading session on Half Trading Day for Schatz Futures runs from 07:00 – 12:00 (London Time)
*For the avoidance of doubt same obligations will apply around the roll.
Bobl Futures
Delivery Month
Quotes
(bps)
Tier
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Tier 2
Q1
Tier 3
Tier 4
Tier 5
*Continuous trading session on Normal Trading Day for Bobl Futures runs from 07:00 – 21:00 (London Time)
*Continuous trading session on Half Trading Day for Bobl Futures runs from 07:00 – 12:00 (London Time)
*For the avoidance of doubt same obligations will apply around the roll.
Bund Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Tier 2
Q1
Tier 3
Tier 4
Tier 5
*Continuous trading session on Normal Trading Day for Bund Futures runs from 07:00 – 21:00 (London Time)
*Continuous trading session on Half Trading Day for Bund Futures runs from 07:00 – 12:00 (London Time)
*For the avoidance of doubt same obligations will apply around the roll.
7
Long Gilt Futures
Delivery Month
Tier
Quotes
(bps)
Session
Presence (%)
Minimum Order Size
(lots)
Tier 1
Tier 2
Q1
Tier 3
Tier 4
Tier 5
*Continuous trading session on Normal Trading Day for Long Gilt Futures runs from 08:00 – 18:00 (London Time)
*Continuous trading session on Half Trading Day for Long Gilt Futures runs from 08:00 – 12:00 (London Time)
*For the avoidance of doubt same obligations will apply around the roll.
Notes:

Tiered quotes up to a spread of 3 price basis points for STIRs and Schatz futures, and up to 5
price basis points for Bobl, Bund and Long Gilt futures will be recognised for the purposes of
quoting obligations.

LTIR rolls: DMMs shall be obliged to quote the roll for 3 weeks prior to the Last Trading Day
(LTD) for the near month in the case of the Schatz, Bobl and Bund Futures. DMMs shall be
obliged to quote the roll for 2 weeks before and 1 week after the First Notice Day in the case of
the Long Gilt Futures, in the same volume as their obligations for the front month.

The quote spreads are defined in Price Basis Points, defined as 0.01. Euribor ® and Schatz
futures contracts have a minimum tick size of 0.5 Price Basis Points.
3. Cost Recovery
Direct Costs Attributable to DMM Proposal
Applicants can request the recovery of costs that are directly attributable to the market making
commitments in their DMM proposal via a monthly payment for the duration of the agreement. LSE
may require the applicant to provide further information and/ or evidence of the costs supporting the
monthly cost recovery payment request.
Monthly cost to provide DMM Proposal: £_______ per calendar month
We will provide further details of directly attributable costs and/or evidence upon request
4. Compliance
The applicant should ensure that its compliance officer is aware of the commitments and obligations
under this DMM proposal. Please provide contact details of member firm compliance contact below.
Compliance Contact Name
Telephone Number
Email Address
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5. Publication of DMM information
Details of all DMM obligations will be published in the Designated Market Maker Obligations
Document. Applicants can request that their company name is not published alongside the related
DMM obligations.
Do not publish Designated Market Maker name
6. Authorisation
For and behalf of:
Name:
Position:
Date:
Signature:
Completed forms can be scanned and returned via email but an original signed copy of this form should
follow by mail to:
Membership Team
London Stock Exchange
10 Paternoster Square
London
EC4M 7LS
United Kingdom
e-mail:
[email protected]
Telephone:
+44 (0)20 7797 1900
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