A member of
Eurex Clearing
In line with Eurex Group’s Technology Roadmap, Eurex Clearing will take a considerable step further by introducing a completely new clearing system, the new clearing architecture, for derivatives clearing in 2013.
The new clearing architecture will mark an important milestone for Eurex Clearing. The architecture combines state-of-the-art technology both on a hardware and software level and will ensure more flexibility in the future for the introduction of new product types, asset classes and services by providing a low-footprint solution to the market.
The launch is planned for the fourth quarter of 2013 and will be supported by a simulation phase lasting several months to provide member firms with sufficient testing opportunities.
Member firms will be able to use the existing Eurex Clearing FIXML Interface, which will be enhanced to support improvements to be introduced with the new clearing architecture, for accessing the clearing environment. Due to the introduction of the new clearing architecture, decommissioning of the existing MISS/VALUES API infrastructure for Eurex Clearing for derivatives clearing will also take place at the same time.
This circular provides introductory high level information regarding the following features:
Functional and technical overview of Eurex Clearing’s new clearing architecture
Planned rollout – overview
Planned communication calendar
Eurex Clearing highly recommends that all members, i.e. member firms active in clearing and/or trading, start preparing for the Eurex Clearing’s new clearing architecture in early 2013 and contact their Independent Software Providers and Multi-Member Service Providers to evaluate the impact and to agree on software test and migration strategies.
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.
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