A member of
Eurex
Against the background of a recognizable trend towards algorithmic trading strategies (Program Trading, Black Box, Grey Box Trading) in the financial industry and based on specific requests from customers, the management boards of the Eurex exchanges decided on implementation of extensive measures in the Eurex® system in order to support its customers’ modified trading models. Main objectives of the changes are to increase throughput and reduce system response times, distribution of un-netted market data in realtime, improve flexibility of connection options by means of introducing a new concept for member interfaces and optimization of risk management. These objectives will be achieved by means of far-reaching software optimization and application of state-of the-art hardware.
Implementation of the Eurex Technology Roadmap is scheduled to take place in two steps. The introduction of the first phase is planned to take place on December 18, 2006. With this circular we want to give you a first overview of and provide you with information regarding the planned measures.
Please note that implementation of the measures is subject to approval by the supervisory bodies. Consequently, changes to any of the measures described in this circular may become necessary.
Eurex intends to make this information capability available to all of its Members, including those Eurex Members that trade from Eurex trading terminals located in the U.S., subject to U.S. regulatory approval. Members should keep in mind that this new information capability does not alter the products that can be traded from Eurex terminals located in the U.S.
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.