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13 Mar 2019

Eurex

Eurex EnLight: Certification Test – Process description

As announced in Eurex circular 022/19, effective 2 May 2019, Eurex Exchange will amend the Liquidity Provider (LP) Framework by adding a new Eurex EnLight building block (EBB). All Eurex liquidity providers who have passed the Eurex EnLight Certification Test are eligible for this building block.

When fulfilling the EBB, liquidity providers can increase their Off-Book rebate levels for Eurex EnLight transactions and keep their current T7 Entry Service (TES) rebate levels. If the EBB is not fulfilled, liquidity providers will receive less liquidity provider rebates on their TES volume compared to today. If liquidity providers do not pass the Eurex EnLight Certification Test, Eurex Exchange will not measure the EBB for the respective liquidity provider, leading to the same result as if the EBB had not been fulfilled. Details can be found in Eurex circular 022/19.

This circular provides an overview about the details of the Certification Test and the relevant contact persons.

If you are a liquidity provider receiving liquidity provider rebates on your TES volume with Eurex Exchange today, we recommend to contact your respective Key Account Manager to conduct the Eurex EnLight Certification Test in order to create the basis to participate in Eurex EnLight liquidity provider rebate schemes/programmes in the future and to keep your current TES liquidity provider rebate levels.

The Eurex EnLight Certification Test can be passed from 1 April 2019.

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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