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1. Introduction
As announced in the Eurex Release Notes for T7 Release 10.0, the following functionalities will be activated in Production after the official Release Date:
a. Pre-Trade Risk Limits for Futures Spreads will be activated for all Futures products:
b. Market Order Validation will be activated for all Options products:
Learn now more about T7 Release 10.0 on our dedicated initiative page under the following link: Support > Initiatives & Releases > T7 Release 10.0. System documentation, circulars, timeline and much more information is available there for you.
2. Required action
In case Trading Participants and Clearing Members want to use Pre-Trade Risk Limits for Futures Spreads, they have to familiarize with the functionality and set respective limits and parameters prior to the activation. This applies in particular to Trading Participants and Clearing Members who are already using Pre-Trade Risk Limits today.
No actions are required for the changes to the Market Order Validation.
3. Details of the initiative
As announced in the Eurex Release Notes for T7 Release 10.0, the following functionalities will be activated in Production after the official Release Date:
Eurex has enhanced the Pre-Trade Risk Limits logic to better accommodate Futures Spreads trading and their contribution to the position risk. For more information on the functionality, please see the T7 Release 10.0 Final Functional Technical Release Notes under the following link:
Support > Initiatives & Releases > T7 Release 10.0 > Functionality & Overview
On 22 November 2021, the migration period will start, and Trading Participants and Clearing Members will be able to pre-configure the Netting Coefficient for Futures Spreads. Initial values for the Netting Coefficient for Futures Spreads will be 1 for all Trading Participants and 0 for all Clearing Members. Particularly, Trading Participants and Clearing Members who are already using Pre-Trade Risk Limits today, are encouraged to use the possibility for pre-configuration.
On 6 December 2021, the pre-configuration period will end and the new Pre-Trade Risk Futures Spread logic activated based on the pre-configured Netting Coefficient.
The Eurex validation for market orders for options products is designed to increase protection for market orders in case of missing order book prices. For more information on the functionality, please see the T7 Release 10.0 Final Functional Technical Release Notes under the link above. On 29 November 2021, the new functionality will be activated for all options products. The information whether the new Market Order Validation is applied to an options product will be distributed as part of the RDI/RDF product information.
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration | |
Contact: | client.services@eurex.com | |
Web: | Support > Initiatives & Releases > T7 Release 10.0 | |
Authorized by: | Randolf Roth |
Market Status ⓘ
XEUR
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.
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