A member of
Eurex Bonds
Effective 1 September 2014, Eurex Bonds will introduce a new pricing model, version 11.0.
The new version of the pricing model contains the following amendments:
· Introduction of certificates for the access to the Eurex Bonds® trading system
via WebTrading,
· Introduction of an excessive system usage fee.
With section 31f para. 1 no. 7 of the “Wertpapierhandelsgesetz” (WpHG, the German Securities Trading Act), the German High Frequency Trading (HFT) Act introduced the requirement for operators of multilateral trading systems to charge separate fees for excessive usage of the multilateral trading system by market participants. The fee amounts are to be selected in a way as to effectively prevent excessive usage and the associated negative impact on system stability or market integrity.
As communicated in Eurex Bonds circular 19/14, an excessive system usage fee will be introduced at Eurex Bonds in connection with the implementation of the HFT Act.
Consequently, in the future, excessive system usage fees for order and quote transactions at Eurex Bonds will be invoiced on the basis of a number of segments, as described in section 2.6 of the Eurex Bonds Pricing Model Release 11.0. Each Trading Participant will be provided a daily report (TL001) in the Common Report Engine.
The excessive system usage fee will be introduced with effect from 1 September 2014.
Please contact Fabian Cosmann on tel. +49-69-211-1 80 55 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.