04 Aug 2014


Flagging of algorithmically generated orders according to the German HFT Act: Securing the uniqueness of flagging when using multiple Software Vendors (ISVs)

This circular provides further information on the flagging of algorithmically generated orders when using multiple Software Vendors (ISVs). The following possibilities for flagging are suggested:

             1. Insertion of the ISV ID in front of the “Compliance ID”

             2. Flexible flagging by Trading Participants

             3. A combination of 1. and 2.

Market Status


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.