Eurex regularly introduces optional and/or mandatory initiatives aimed at enhancing our T7 trading architecture. It’s critical that our Members and ISVs are aware of these changes and understand what they need to do to continue to trade and clear at Eurex without issue. To assist our Members & ISVs, we created the below summary of important items associated with Eurex initiatives.
If you have any questions regarding the items below, please reach out to your Account Manager or Client Services at firstname.lastname@example.org.
Eurex regularly introduces a broad range of new initiatives such as:
T7 releases are introduced typically twice a year in Q2 and Q4.
Additionally, there are periodically ad-hoc regulatory changes or pressing system enhancements introduced outside of this biannual cycle.
Find here a general overview of reoccurring Eurex initiatives.
The announcement of new initiatives is communicated via Circular. We recommend subscribing to Eurex Circulars and Newsflashes for categories relevant to you and your team.
Following the initial announcement Circular, additional information and updates are provided via:
Learn more about information channels which will help you with your readiness.
Details and documentation
The Initiatives & Releases webpages provide the relevant details for an initiative including:
To ensure a smooth transition, a simulation environment is provided for clients to confirm that the upcoming changes and internal systems are sufficiently tested prior to go-live.
Typically, updates are provided to the regular T7 simulation environment 6 weeks prior to go-live and in the T7 cloud simulation 10 weeks prior to go-live.
The regular simulation is provided free of charge, while the Cloud Simulation is an additional service that comes with a consumption-based fee of 22 €/hour.
Here you can find an overview of our Eurex and Eurex Clearing simulation calendar.
Readiness Statement & Go-Live
For all major initiatives we request members to submit a Readiness Statement two weeks prior to go-live using their 5-digit Member ID and PIN*. The PIN is provided to the assigned Central Coordinator via e-mail. The Readiness Statement will be available on the dedicated Initiatives Page and in the Readiness Statement announcement Newsflash 6 weeks before go-live.
Please note that according to the Connection Agreement § 2 (5) trading participant shall, prior to the first use of the Exchange-EDP after the implementation of a Release, provide Eurex with a written statement confirming that:
*For clients that are both Trading & Clearing Members, it’s important to note that PINs are provided per markets (i.e. Eurex PIN vs. Eurex Clearing PIN).
Market Status ⓘ
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.