Initiatives & Releases

T7 Release 12.1

With T7 Release 12.1 following enhancements will be introduced:

  • Introduction of non-standard Options Volatility Strategies
  • Introduction of market-wide Self-Match Prevention
  • Volatility interruption enhancements


Simulation start: 25 March 2024
Production start: 13 May 2024













System Documentation

Enhanced Trading Interface

FIX LF

Circulars


Release Items/Participants Requirements

Feature/Enhancement 

Details

Action Item

Introduction of non-standard Options Volatility Strategies

Eurex will introduce non-standard Options Volatility Strategies (NOVS) that will enable Trading Participants to create and trade non-standard options strategies with a futures underlying leg to achieve delta-neutrality of such complex instruments.


NOVS will be introduced as a new instrument type and be supported in the same way as Options Volatility Strategies are, that is for on-book trading, for TES trading and for Eurex EnLight, via GUI as well as via the electronic member interfaces.

Trading Members need to adapt to these changes and perform sufficient testing.

Introduction of market-wide Self-Match Prevention

A new market-wide SMP functionality will be launched with T7 Release 12.1, and will be offered optionally and in parallel with the existing SMP Type A functionality for orders and quotes. 

Trading Members intending to use this functionality should perform sufficient testing.

Volatility interruption enhancements

Eurex will enhance its volatility interruption processing by introducing a new static volatility interruption for selected products. 


The new static volatility interruptions will be based on static price ranges around reference prices defined by the exchange. A volatility interruption will be triggered if the allowed static price deviation is exceeded. The execution of the incoming order will be prevented and the affected instrument or all instruments of the affected product will be automatically moved from continuous trading to a volatility auction, identical as today. Reference prices for determining the static volatility interruption will remain static over the trading day and only be updated intraday via certain market situation, such as a volatility auction.

Trading Members need to adapt to these changes and perform sufficient testing.

Eurex Initiatives Lifecycle

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Contacts

Eurex Frankfurt AG
Customer Technical Support / Technical Helpdesk

Service times from Monday 01:00 – Friday 23:00 CET
(no service on Saturday and Sunday)

Please contact your Technical Account Manager via your personal VIP number which can be found in the Member Section.

T +49-69-211-VIP / +49-69-211-1 08 88 (all)

cts@deutsche-boerse.com

Eurex Frankfurt AG
Key Account Management

Service times from 09:00 - 18:00 CET

T +49-69-211-10 333

client.services@eurex.com


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