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Oct 19, 2015

Eurex

Amendments to the General Terms and Conditions of the Connection Agreement Eurex Frankfurt AG

This circular provides information on changes in the document “General Terms and Conditions of the Agreement on the technical connection and the utilization of the Exchange-EDP of Eurex Deutschland and Eurex Zürich (Connection Agreement)”.

These changes will be effective as of 1 December 2015 and are being made for the following reason:

As of 1 December 2015, Eurex Deutschland (“Eurex” or the “Exchange”) plans on co-joining a 1 July 2013 class no-action relief (the “Class No-Action Relief”) issued by the U.S. Securities and Exchange Commission (SEC). This will allow employees of Eurex Frankfurt AG and Deutsche Börse AG as well as Eurex partici­pants to familiarise Eligible Broker-Dealers or Eligible Institutions (as defined in the Class No-Action Relief) with a broader array of Eurex options contracts than currently allowed.

To co-join the Class No-Action Relief, the SEC requires Eurex to comply with and assure compliance with the Class No-Action Relief, and to institute rules requiring Eurex participants to obtain certain representa­tions prior to effecting transactions pursuant to the Class No-Action Relief. The changes to the General Terms and Conditions of the Connection Agreement Eurex Frankfurt AG set forth in this circular will fulfil this requirement and enable Trading Participants to take advantage of the Class No-Action Relief status. Eurex will issue a subsequent circular that sets forth in detail the terms and conditions of the Class No-Action Relief.

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. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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