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Eurex
In order to attract liquidity providers to the newly established T7/FX platform, Eurex Frankfurt AG (or Eurex) will offer a technical solution within T7/FX that overcomes the difficulties of the FX market with its fragmented liquidity pools.
This will allow a structured, liquid and tightly priced order book to be established within the FX market at Eurex Deutschland and Eurex Zürich (collectively the Eurex Exchanges).
The technical solution will consist of creating two distinct paths for order entry:
- One “passive order flow” path, and
- One path equipped with a device adding artificial latency (the “trading” path).
In order to implement the differentiated latency paths for the Eurex T7/FX market, amendments of the General Terms and Conditions to the Provider Connection Agreement and to the Connection Agreement are necessary (as attached to this circular). These amendments will enter into force on 3 April 2017. The exact start date for the implementation of the dual latency paths will be announced at a later stage.
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.
An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.