Introduction announcement of C7 Release 7.0.1

1.  Introduction

With this circular, Eurex Clearing announces the production launch of C7 Release 7.0.1 which is scheduled for Monday, 22 March 2021. The simulation environment is planned to be available from 1 February 2021.

With C7 Release 7.0.1, the following functional and technical changes are envisaged:

• Settlement price corrections
• Removal of final settlement price message for futures
• Introduction of expiration date to daily settlement prices
• Alignment of SenderCompID
• Introduction of new trade type

Eurex Clearing will provide a description of the changes that are introduced with C7 Release 7.0.1 in the Release Notes in December 2020.

All relevant documentation will be updated in December 2020 in the Eurex Clearing website www.eurex.com/ec-en/ under the following location:

Clear > Tech > C7 > System documentation 

Simulation start:     1 February 2021
Production start:  22 March 2021

2.  Required action

Please prepare for the release and make sure that all your Release Contacts have subscribed for Eurex Clearing Circulars and Newsflashes on the Eurex Clearing website under the following path:

Clear > Find > Subscriptions

We recommend clients to participate in the simulation phase.

3.  Details of the initiative

The following items refer to FIXML Settlement Prices in broadcast messages published by C7:

Settlement price corrections

With the new behaviour, a price update will always trigger to publish all prices of the respective product with the field @UpdtAct(279) set to 0=New and a changed timestamp in the field SendingTime(52) @Snt.

Removal of final settlement price message for futures

The final settlement price message (MarketDataSnapshotFullRefresh message) for futures will not be provided anymore since it corresponds to the daily settlement price of the front month future contract and therefore already contained in the daily settlement price message.

Introduction of expiration date to daily settlement prices

Expiration date will be added to all contract related price messages such as the daily settlement price. The expiration date for regular contracts will be added to the FIXML field MaturityDate @MatDt(541) in settlement price messages. Please note this is already in use for flexible contracts.

Alignment of SenderCompID

SenderCompID @SID(49) field of the FIXML header will replace the current value “CCP” by the actual clearing house of the product (i.e. “ECAG” or “ECC”) in order to align with all other FIXML messages created in C7.

In addition to the FIXML broadcast message changes described above, the other item in scope is:

Introduction of new trade type

Eurex Clearing will introduce a new Trade Entry Service (TES) Trade Type in order to support compression trades in the future. New FIXML valid value is 1008 for Trade Type @TrdType(828).
 

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.

Further information