Give-Ups

With the new release we will further reduce the manual workload on the member side for give-up transactions. Greater automation in the give-up process also leads to a reduction in processing errors.

At the beginning of the next trading day, a process will automatically reinstate the pre-batch status for all U(ndesignated) transactions by utilizing the referred give-up information retained from the previous day. Thus, no manual re-allocation will be required, unless a member wishes to make changes. The automatic process applies for same day trades only and does not include historical trade transfers.

Give-ups from P1/P2 accounts for NCMs

Starting with Eurex Release 14.0, NCMs will benefit from additional flexibility as they will be able to use the give-up functionality to allocate trades from their proprietary accounts P1 and P2 to another exchange member's A-accounts by using the give-up functionality within the Eurex Clearing GUI. Traders will be able to pre-designate trades upon execution.

It should be noted that the fee rebate remains with the NCM.

The Clearing Conditions will specify that NCMs will only be allowed to allocate proprietary trades to an account with another member that is in its own name. Compliance officers in the Eurex Trading Surveillance Office will closely monitor this.