Eurex
1. Introduction
With this circular, Eurex Exchange announces the introduction of the next Member Section enhancements: Release December 2023, which will be available as of Monday, 11 December 2023.
The following changes and enhancements will be introduced with Member Section Release December 2023:
Production start: 11 December 2023
All information related to the Release December 2023, i.e. FAQs, guides, tutorial videos, are available on the Eurex website www.eurex.com under the following path: Support > Initiatives & Releases > Member Section Releases > Release December 2023.
2. Required action
All Member Section users are requested to get familiar with the updates described below.
3. Details
Overview of functional enhancements:
Registration of Trading Locations
The paper-based process of registration and termination of Trading Locations receives a digital makeover. With the new process through the Member Section, users will be able to
Digitalization of the process offers several advantages to Trading Participants:
To access the new service, users will need the new permission: “Trading Location Eurex”.
The Central Coordinator will be assigned per default and without further action the new permission “Trading Location Eurex” and be able to assign or to revoke the market-specific permission for other users.
To leverage these improvements effectively, users are encouraged to take the following actions:
Decommissioning of Qualified Back Office (QBO) exams
With the December 2023 Release, the QBO exams will be decommissioned. Decommissioning of the QBO exams will simplify the admission requirements for QBO admission. Users will no longer be able to book a QBO exam within the Member Section. Previously passed QBO exams will remain valid and be accepted as proof of sufficient qualification to perform the respective roles. Individuals who have not previously passed the exam, can be admitted by providing a confirmation of their sufficient qualification submitted by their Compliance Officer.
Exchange Trader confirmation/declaration of personal reliability
Currently, when submitting their trader application via the Member Section, traders are mandated to confirm all the statements listed on the declaration regarding their personal reliability. If no confirmation is provided, the application is not accepted by the system.
With this release, the system will accept applications even if the confirmation is not provided, however, the underlying requirement for personal reliability remains unaffected. Consequently, reliability of the applicant where the confirmations are incomplete will be verified separately in each individual case (post submission of the electronic application).
If you have questions or require further information, please contact your Trading Key Account Manager or send an e-mail to: member.section@deutsche-boerse.com.
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target group: | All users of the Member Section | |
Contact: | Your Trading Key Account Manager or client.services@eurex.com: member.section@deutsche-boerse.com | |
Web: | Support > Initiatives & Releases > Member Section Releases > Release December 2023; Member Section homepage | |
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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