A member of
Eurex Clearing
1. Introduction
This circular introduces amendments to the Price List to the Agreement on Technical Connection to the Clearing EDP of Eurex Clearing AG (CA Price List) and to the Price List of Eurex Clearing AG (ECAG Price List) regarding the following topics:
The amendments will become effective as of 1 June 2026.
2. Required action
No immediate action is required. We kindly ask Clearing Members to review their use of the new session type and to consider the fee exemption for Broker Internalized AVD Trades in their invoicing to FWB Trading Participants.
3. Details
A. Introduction of the Xetra Enhanced Drop Copy Session (EDC Session)
The Enhanced Drop Copy Interface (EDCI) is intended for Clearing Members who want to improve their pre-trade risk monitoring by obtaining a complete overview of their own or their FWB Trading Participants’ order inventory, including lean orders, in the order books of trading venue Deutsche Börse Xetra.
The use of the EDCI requires a Xetra EDC session, for which a monthly fee of €200 applies (§ 2 of the CA Price List).
B. Xetra clearing fee exemption for Broker Internalized AVD Trades
For single trades resulting from Auction Volume Discovery (AVD) orders with broker internalization identification that are executed against each other (Broker Internalized AVD Trades) no Xetra clearing fee is charged (Section 6.1.1 of ECAG Price List).
The amendments to the legal framework of Eurex Clearing published by this circular are deemed accepted by each affected contractual party of Eurex Clearing, unless the respective contractual party objects by written notice to Eurex Clearing prior to the relevant effective date(s) as stipulated in this circular. In case of an objection by the respective contractual party pursuant to the preceding sentence, Eurex Clearing is entitled to terminate the respective contract (including a Clearing Agreement, if applicable). Instead of submitting an objection, the respective contractual party may submit in writing to Eurex Clearing comments to any amendments of the legal framework of Eurex Clearing AG within the first 10 Business Days after the publication of the amendments. Eurex Clearing AG shall assess whether these comments prevent the published amendments from becoming effective, taking into account the interests of Eurex Clearing and all contractual parties.
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, as applicable.
Attachments:
Further information
Recipients: | All Clearing Members, FCM Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
| Contact: | client.services@eurex.com | |
| Web: | www.eurex.com/ec-en/ | |
| Authorized by: | Matthias Graulich |