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Jul 25, 2012

Eurex

Information on Short Selling Ban

On July 23, 2012, the Spanish supervisory authority CNMV published a notification containing information on a short selling ban on Spanish securities. Simultaneously, the Italian supervisory authority CONSOB published restrictive measures on short sales of Italian shares of the financial sector.

As a general rule, products traded at Eurex are only subject to German law. Transactions concluded at Eurex, however, may be affected by regulations of non-German supervisory authorities. We therefore recommend that each Trading Participant reviews and assesses the released short selling bans independent of the German legal situation (particularly in view of the trades exempted from short selling bans).

For the respective publications and further information, please refer to the CNMV website
http://www.cnmv.es/portal/AlDia/Comunicaciones.aspx
under the title “Temporary ban of short positions on stocks admitted to trading in a Spanish regulated market“ and “Frequently asked questions“ or
http://www.consob.it/mainen/documenti/english/resolutions/res18283.htm
on the CONSOB website under the title “Restrictive measures on short sales of shares of the financial sector”.

Market Status ⓘ

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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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