PIN Procedure for Trading-on-Behalf

In order to enhance the security of Eurex Trading-on-Behalf, Eurex Release 12.0 will introduce a new PIN procedure. Trading-on-Behalf services themselves will not be affected although those users who are permitted to request Trading-on-Behalf services may now change. In conjunction with this new feature, members can stipulate which of their registered users are permitted to request Trading-on-Behalf services.

Please note that establishing a PIN is optional. However, if your company does not set up a PIN, every valid trader ID within your firm may request Trading-on-Behalf services which means that any valid trader could trigger actions, including mass delete requests.

Each member's security administrator will be able to maintain the PIN on a member, subgroup and trader level in a new Eurex GUI window similar to the product assignment procedure. PINs can be assigned to specific actions such "trading on behalf", "mistrade regulation" and "OTC trade". In case a trader requests a specific action on behalf, Eurex Market Supervision will check the existence of the corresponding PIN before the on-behalf transaction is entered.