Eurex
1. Introduction
Following a decree of the Hessian Exchange Supervisory Authority, published with Eurex circular 071/21, we would like to inform about required action with regards to the preparation of the new Short Code regime starting in January 2022.
In addition, details on the upload of short codes and algo IDs via Common Upload Engine (CUE) and information regarding the simulation are published with this circular.
2. Required action
Trading Participants are required to prepare their Short/Long Code combinations compliant with the new requirements of uniqueness and consistency and to provide the trading venue with this data.
Trading Participants using the CUE for short code and algo ID uploads shall take the requirements and validation rules into account, which can be found in the joint document “CUE validation and file specification_SC_AlgoID“.
In addition, the end-to-end testing will be available in simulation environment starting 3 November 2021. The file upload still has to be done by combination of Member ID and MIC.
3. Details
The short code database of all Trading Participants of Eurex Deutschland is going to be deleted on 31 December 2021. Hence, all Trading Participants are required to (re-)upload short/long code combinations, which are compliant with the uniqueness and consistency requirements.
There are two options in order to prepare the Short Code uploads to the trading venue. Please find detailed information in the joint document “FWB Eurex Member Guide Short Code Regime 2022”.
The joint document “CUE validation and file specification_SC_AlgoID“ provides Trading Participants with information about the CUE upload process and contains validation rules and file specifications.
Please find the documents on the Eurex website www.eurex.com under the following path:
Rules & Regs > MiFID II/MiFIR > Client & Member Reference data
Trading Participants can perform end-to-end testing of the CUE upload functionality in the simulation environment starting on 3 November 2021. Please note that until further notice CUE uploads require one upload file per combination of Member ID and MIC.
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Handel, Middle + Backoffice, IT/System Administration, Revision/Security Coordination, Compliance Departments, Nominated Persons | |
Contact: | Your Key Account Manager or client.services@eurex.com, | |
Related circular: | Eurex circular 071/21 | |
Web: | www.eurex.com | |
Authorized by: | Michael Peters |
Market Status ⓘ
XEUR
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