Eurex Infrastructure: Introduction of a Fee Waiver for T7 Cloud Access Point Connectivity Services

1. Introduction

Eurex Frankfurt AG is introducing a time-limited fee waiver for T7 Cloud Access Point Connectivity Services for Trading Participants, Sponsored Access Users and Third-Party Information Providers (TPIP) who already hold an existing connectivity footprint with Eurex (i.e. Multi-Interface Channels, or 10 Gbit/s Market Data and/or Order Entry connections). The fee waiver is effective from 2 November 2026. 

This measure complements the Initial Usage Incentive Program introduced with Eurex Circular 061/26 dated 16 September 2026, which provided a fee waiver exclusively for new Trading Participants and existing participants without any prior connectivity footprint. In response to market feedback, Eurex Frankfurt AG has decided to extend a dedicated fee waiver scheme to participants with existing connectivity, to facilitate the adoption of T7 Cloud Access Point Connectivity Services across the broader participant community.

Effective Date: 2 November 2026 

Further information about Eurex Connectivity services is available on the dedicated Connectivity web page under the following link: Connectivity Support.

2. Required action

Participants that do not intend to use the T7 Cloud Access Point Connectivity Services are not required to take any action. 

Participants wishing to benefit from the fee waiver should review the applicable conditions set out in Section 2 above and submit an order for T7 Cloud Access Point Connectivity Services via the Member Section of Deutsche Börse Group.  

3. Details of the initiative

A. Background 

With Eurex Circular 061/26 dated 16 September 2026, Eurex Frankfurt AG announced the introduction of T7 Cloud Access Point Connectivity Services effective 2 November 2026. The T7 Cloud Access Point enables Trading Participants, Sponsored Access Users and Third-Party Information Providers to access the T7 trading system via Google Cloud, providing low-latency access to T7 market data services and to Eurex ETI LF and FIX LF gateways for order entry and drop copy services, without the need for on-premises hardware and the ability to utilize Google Cloud network connectivity. For more details regarding the services offered, please visit Eurex Circular 061/26. 

B. Fee Waiver for Participants with Existing Connectivity 

To support the adoption of T7 Cloud Access Point Connectivity Services across the participant community and to lower the barrier to entry for participants already holding connectivity with Eurex, Eurex Frankfurt AG has decided to introduce a dedicated time-limited fee waiver for participants with an existing connectivity footprint. 

Trading Participants, Sponsored Access Users and Third-Party Information Providers (TPIP) who, as of the publication date of this circular, hold an existing connectivity footprint with Eurex (i.e. Multi-Interface Channels, or 10 Gbit/s Market Data and/or Order Entry connections) and who activate T7 Cloud Access Point Connectivity Services are eligible for a time-limited fee waiver under the following conditions:

• For the first 12 months of usage of T7 Cloud Access Point Connectivity Services, the connectivity fees for T7 Cloud Access Point Connectivity Services are reduced by 50%. 
• The fee waiver applies to all T7 Cloud Access Point Connectivity Services as set out in the Price Lists referenced in Eurex Circular 061/26. 
• The fee waiver can’t be combined with the Initial Usage Incentive Program introduced under Eurex Circular 061/26. 

After the expiry of the 12-month period, the full connectivity fees for T7 Cloud Access Point Connectivity Services pursuant to the applicable Price Lists will apply.

C. Key Capabilities and Core Features 

The T7 Cloud Access Point Connectivity Services deliver the following key capabilities:  

• Delivering real-time, low-latency Market Data services via Cloud multicast with one-way latency of approx. 500 μs (median) from Frankfurt to Google Cloud europe-west3-b. Market Data services via NATS TCP/IP offer one-way latency of approx. 1-2 ms. 
• Providing secure, encrypted, private interconnectivity between participants' Google Cloud environments and Eurex' T7 back-end systems, including Order Entry access to Eurex. 
• Enabling a cloud-native entry path for diverse participant types seeking access to less latency critical trading activities, or additional market data sensitive compute near Co-Location, e.g. quantitative traders, hedge funds, execution brokers, latency-sensitive asset managers etc. 
• Simultaneous production and simulation access for enhanced development capabilities, algo conformance testing and experimentation.  
• Low-latency Disaster Recovery and backup Co-Location site for co-located customers. 
• Shifting non-latency sensitive workloads like risk, treasury, back-office processing or performance analysis into the cloud and supporting scalable data distribution with cloud multicast, advanced analytics consumption. 

D. Effective Date

The fee waiver is available for T7 Cloud Access Point Connectivity Services activated during the eligibility period from 2 November 2026 until 2 November 2027. Each eligible participant benefits from the full 12-month period counted from the month following the technical implementation, which may extend beyond 2 November 2027. 

Further information