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Sep 27, 2012

Eurex

Market-Making: Evidence of Market Maker status vis-à-vis the competent supervisory authority

On 1 November 2012, a new European regulation (EU) No. 236/2012 on short selling and certain aspects of credit default swaps (“EU Short Selling Regulation”) will come into effect. Article 17 of the EU Short Selling Regulation provides for an exemption of Market-Making activities from the net short position transparency requirements and the restrictions on uncovered short sales.

According to this regulation, Market Makers interested in the exemption are required to provide evidence of their status in writing to their competent supervisory authority at least 30 calendar days before the intended first use of the exemption.

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.