Initiatives & Releases

ORS Trader Identification Obligation

As of 22 November 2021, Eurex will introduce an identification obligation for Eurex Exchange traders when submitting an order via Order Routing System (ORS).   

Please note: The usage of an ORS by internal employees/trading assistants of the ORS provider who are not admitted as Eurex Exchange traders is not allowed according to §19(1) of the German Exchange Act. 

Simulation start: already available
Production start: 22 November 2021

ORS

 


System Documentation


Enhanced Trading Interface

Please note: In the Quote Execution Notification with T7 Release 10.0, the value of QuoteEventType (28539) has changed from 3 (Removed Quote Side) to 6 (Quote Quantity Removed) for Quote Deletion due to Passive Liquidity Protection and Pending Cancellation Executed.

FIX Gateway

  • T7 FIX Gateway Manual (FIX 4.4) v.10.0-1
    Published 4 Nov 2021 - The document provides information on the T7 FIX Gateway for both the Cash and Derivatives Markets and contains a detailed description of the concepts and messages used by the interface. This document is only applicable for FIX version 4.4.
  • T7 FIX Gateway - FPL Repository v.10.0-1
    Published 4 Nov 2021 - The FPL (FIX Protocol Language) repository contains the XML representation of the T7 FIX Gateway version 4.4 for both the Cash and Derivatives markets.
  • T7 FIX Gateway - Fiximate v.10.0-1
    Published 4 Nov 2021 - The package provides a browser-based representation of the repository for the T7 FIX Gateway version 4.4 for both the Cash and Derivatives markets with navigation capabilities.

FIX LF

Supporting Documents

Circulars

Participants Requirements

Changes

Details

Action Item

ORS Trader flagging obligation

When an ORS is used by an admitted Exchange Trader, their own Member ID-Trader ID combination (e.g., ABCFRTRD001) must be submitted to the trading system of Eurex Deutschland via tag 2404 ‘ComplianceText’. 

Use cases for which identification obligation applies: 

  • ORS user is an Exchange Trader acting for the ORS provider 
  • ORS user is an Exchange Trader acting for another Exchange Participant 
All ORS providers and users must comply with the amended exchange rules and the associated identification obligation that will become effective for Exchange Participants as of 22 November 2021. 

Trader admission

Want to learn about the trader admission?
Find out more!

Contact

Eurex Frankfurt AG
Key Account Management

Service times from 09:00 - 18:00 CET

T +49-69-211-10 333

client.services@eurex.com


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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.