A member of
Eurex Bonds
This circular provides information about implementation of the following elements of the German High Frequency Trading (HFT) Act on the Eurex Bonds trading platform:
1. Flagging of algorithmically generated orders and quotes (“Algo Flagging”)
2. Order to Trade Ratio
3. Excessive system usage fee
The relevant provisions will be included in the Terms and Conditions for Participation and Trading on Eurex Bonds (hereafter: Terms and Conditions). Trading participants will be informed in due course by Eurex Bonds circular about the coming into effect of the amended Terms and Conditions.
The new provisions for flagging of algorithmically generated orders and quotes and for calculation of the Order to Trade Ratio will be reflected in §§ 10a and 10b of the Terms and Conditions. These provisions will come into effect for all participants on 1 September 2014, in accordance with the temporary provision in § 23 of the Terms and Conditions.
Please contact Eurex Bonds Customer Support on tel. +49-69-211-1 22 22 for any questions you may have.
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.