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Jul 11, 2014

Eurex Clearing

Connectivity of Trade Capture Platforms via the Multilateral Trade Registration (MTR) Service and other changes to the Rules and Regulations of Eurex Clearing

Effective 4 August 2014, Eurex Clearing AG (Eurex Clearing) will launch an enhancement of the Multilateral Trade Registration (MTR) Service with the connectivity of Trade Capture Platforms to the Eurex System. The objective is to facilitate the registration process for block trades in listed Eurex derivatives via the standard Eurex Clearing FIXML Interface. The new offering will increase the efficiency and execution speed of block trades via an automated straight-through processing (STP).

The enhanced MTR Service will allow for block trades to be submitted to the Eurex System directly by third party information providers (generically referred to as “Trade Capture Platforms” (TCPs)). The TCPs that will connect to the Eurex System on 4 August 2014 via the enhanced MTR Service are: BrokerHub, RFQ-hub (ID’S SAS) and Vectalis.

Furthermore, Eurex Clearing has decided to rename its trade entry facilities for off-book transactions as “Eurex Trade Entry Services” in order to further improve the brand recognition. Eurex Clearing has also decided to delete the rules for OTC Credit Derivative Transactions due to the discontinuation of the related clearing services.

The amended sections of the Clearing Conditions, General Conditions for ParticipationandPrice Listdue to the connectivity of TCPs via the MTR Service and other changes to the Rules and Regulations of Eurex Clearing are included in this circular and shall become effective on 4 August 2014.