Merge
The average pricing service allows the merging of multiple transactions into one transaction with an average price calculated by Eurex Clearing. The price of the average price transaction is determined using a volume-weighted calculation and is rounded to seven digits. A residual amount representing the difference in cash flows can result from the calculation/rounding.
The creation of average priced transactions is available:
Average pricing is not available for:
The merged transaction will be available for transaction management (e.g. trade separation, give-up/take-up) but cannot be part of another merge.
De-merge
Average priced transactions can be de-merged, i.e. the original transactions can be re-established. The following conditions must be met for an average priced transaction to be available for de-merge:
When transferring a position, Members have the choice to adjust the position transfer price and/or to transfer a cash amount.
