Eurex
1. Introduction
With effect from 1 April 2021, the Management Board of Eurex Deutschland decided to introduce intra-day non-disclosure limits for trades entered using the Eurex T7 Entry Services (TES) in Euro-OAT Futures, Long-Term Euro-BTP Futures and Short-Term Euro-BTP Futures.
Production start: 1 April 2021
2. Action required
There is no required action. Trading Participants may choose between intra-day disclosure and non-disclosure in the TES trade entry window of the T7 Trader GUI for trades in Euro-OAT Futures, Long-Term Euro-BTP Futures and Short-Term Euro-BTP Futures.
3. Details of the initiative
Non-disclosure is an optional feature for transactions above a certain volume threshold. Where this threshold is reached or exceeded, the entering trader of bilateral TES or Eurex EnLight trades can select intraday publication or non-disclosure by Eurex Exchange’s T7 for these trades. The default setting for transactions above a certain volume threshold is set to non-disclosure in T7.
Effective 1 April 2021, the following non-disclosure limits will apply:
Product | Non-disclosure limit |
Long-Term Euro-BTP Futures (FBTP) | 2,500 contracts |
Short-Term Euro-BTP Futures (FBTS) | 3,000 contracts |
Euro-OAT Futures (FOAT) | 4,000 contracts |
As announced in Eurex Clearing circular 017/21, Eurex Clearing will introduce a transaction fee for individual non-disclosed TES or Eurex EnLight trades for Euro-OAT-Futures and Long-Term Euro-BTP Futures and for non-disclosed TES trades in Short-Term Euro-BTP-Futures, as detailed in that circular’s attachment, effective date 1 April 2021.
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice | |
Contact: | Jutta Frey-Hartenberger, Product R&D Fixed Income, tel. +49-69-211-1 49 88, | |
Related circular: | Eurex Clearing circular 017/21 | |
Web: | www.eurex.com | |
Authorised by: | Michael Peters |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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