T7 Release 12.0
With T7 Release 12.0 the following enhancements will be introduced:
- MiFID II MiFIR enhancements
- Introduction of a new Crossing Procedure and Pre-Arranged Trade Entry Possibility
- Introduction of Total Return Futures Delta Neutral Strategies
- Enhancements of the Transaction Size Limits regime
- Usage of the Legal Entity Identification for the identification of the Buy-Side Disclosure Clients
Simulation start: 12 September 2023
Production start: 20 November 2023
Circulars
Release Items/Participants Requirements
Feature/Enhancement | Details | Action Item |
MiFID II MiFIR enhancements | Eurex will introduce a dedicated validation scheme for the fields Execution ID, Investment Decision ID, and Client ID in all trading interfaces. The validation scheme relates to the submission requirements of the short code and algo ID information in the transactions. For easier readability, the term short code shall include the algo ID as well in the following sections. | Trading Members need to adapt to these changes and perform sufficient testing. |
Introduction of a new Crossing Procedure and Pre-Arranged Trade Entry Possibility | Eurex will introduce a new crossing procedure and entry possibilities for on-exchange pre-arranged trades based on the Eurex Improve functionality. This will enable Trading Participants to provide all required information at the appropriate time while ensuring the time management and compliance of announcements as required by the Eurex Rules and Regulations for all participating orders. | Trading Members need to adapt to these changes and perform sufficient testing. |
Introduction of Total Return Futures Delta Neutral Strategies | Eurex will enable its Trading Participants to trade an Index Total Return Future (TRF) in conjunction with the respective Price Index Future on that same Index simultaneously via the TES Entry Service. This new service will be called Delta Neutral Strategies. | Trading Members need to adapt to these changes and perform sufficient testing. |
Enhancements of the Transaction Size Limits regime | Eurex will introduce the possibility to define Exception Transaction Size Limits (ETSLs) on the level of a TSL user group and product combination in addition to the existing ETSL definition for a user and product. | Trading Members intending to use this functionality should perform sufficient testing. |
Usage of the Legal Entity (LEI) Identification for the identification of the Buy-Side Disclosure Clients | Eurex will enable Trading Participants and Buy-Side disclosure clients to use the LEI for the Buy-Side disclosure in addition to the 5-characters identification string. Please note that a Buy-Side Disclosure Client Identification can only either be a LEI or a 5-characters identification string. | Trading Members need to adapt to these changes and perform sufficient testing. |
Eurex Initiatives Lifecycle
Contacts
Eurex Frankfurt AG
Customer Technical Support / Technical Helpdesk
Service times from Monday 01:00 – Friday 23:00 CET
(no service on Saturday and Sunday)
T +49-69-2 11-VIP / +49-69-2 11-1 08 88 (all)
Eurex Frankfurt AG
Key Account Management
Service times from 09:00 - 18:00 CET
T +49-69-211-10 333
Are you looking for information on a previous initiative? We have stored information about our previous initiatives in our Archive for you!
