Mistrades

A mistrade is a trade which deviates considerably from the market price, defined as the reference price. The procedures for determining the reference price for each product can be found in paragraph 2.7 in the Conditions for Trading at Eurex Deutschland and Eurex Zurich.

For options, an entry may be deemed a mistrade if it deviates from the reference price by more than the maximum quote spread for the option priced at the reference price. For futures, product-specific ranges are defined by the exchange. Mistrade parameters will be published periodically by circular.

In the event of a mistrade, a trader should immediately contact the trading helpdesk (Eurex Market Supervision) and identify the mistrade.

Any objection to the contents of a transaction confirmation must be delivered to Eurex Market Supervision, in writing by fax or by email or by phone , not later than 30 minutes after the trade.

The final determination of a mistrade is made by the Boards of Management of Eurex.