Agent Account

Trades entered into the Eurex® system on behalf of clients are recorded in the agent account (A1). All give-up trades are considered part of account A1 and are displayed as such trades. The account codes G1 and G2 are actually designations that the trade is going to be sent to another member, usually when a client uses one member to perform the execution and another to do the clearing.

G1 (Pre-Designated Give-up)

When a trade is designated G1, the trade is flagged as being given up to another firm, but the firm is not yet identified.

G2 (Designated Give-up)

In designating a trade G2, the trader provides all the information necessary for the give-up at order entry, including the Clearing Member ID of the firm to which the take-up is being transferred. The give-up then happens automatically, assuming that the General Clearing Member involved has not specified that give-ups will be approved manually.