T7 Release 14.1
The upcoming T7 Release 14.1 introduces significant enhancements to the Eurex trading environment. These upgrades aim to broaden liquidity opportunities, simplify market access, and deliver an improved trading experience for Eurex clients:
- Synthetic Matching for Packs and Bundles in STIR Markets
- Decommissioning of Deprecated ETI Order Entry Requests
- Sponsored Access – Wave 2
Simulation start: 23 March 2026
Production start: 18 May 2026
System Documentation
- T7 Release 14.1 - Preliminary Functional Technical Release Notes Eurex, Version 1
Published 8 Dec 2025 - The release notes for T7 give an overview of the functional and technical enhancements and changes to be introduced.
Circulars
Release Items/Participants Requirements
Feature/Enhancement | Details | Action Item |
Synthetic Matching for Packs and Bundles in STIR Markets | Eurex is expanding its synthetic matching capabilities to include packs and bundles, in addition to the existing calendar spread and condor synthetics. The functionality will be available in the Short-Term Interest Rate (STIR) futures. This enhancement allows incoming orders for these strategies to be matched against a synthetic combination of orders from simple instruments in the order book. The goal is to enhance order book liquidity and transparency in the STIRs market. | Trading Participants are encouraged to familiarize themselves with the new synthetic matching functionality for packs and bundles in the STIR market. Testing these new scenarios in the simulation environment is recommended to understand the potential for increased matching opportunities. |
Decommissioning of Deprecated ETI Order Entry Requests | Five new ETI order management requests were introduced with T7 Release 12.0. The key benefits include:
| To take advantage of significant performance improvements and ensure a seamless transition, clients are required to update their order entry software. Please begin migrating immediately from the deprecated Single- and Multi-Leg requests to the five new requests, which are already active in the production environment. |
Sponsored Access – Wave 2 | Following its initial launch, Eurex is upgrading the Sponsored Access (SpA) program in T7 Release 14.1 with new tools for both sponsors and their clients.
| SpA Service Providers: Service Providers should prepare their systems to integrate the new FIX LF functionalities to enhance their monitoring and risk management capabilities. They should also familiarize themselves with the new stop functionality via ETI.
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