A member of
Eurex
1. Introduction
This circular informs you about the amendments to:
The changes to the regulations will come into effect at different dates. Details can be found below.
The Amendment Ordinances mentioned above are attached to this circular. The amended regulations, including Amendment Ordinances, are available on the Eurex website www.eurex.com under the following link: Eurex Rules & Regulations.
2. Required action
Companies admitted to Eurex Deutschland that wish to grant another company direct electronic access as Sponsored Access Providers should familiarize themselves with the technical setup and connectivity alternatives. To grant Sponsored Access to other companies, i.e. companies not admitted to Eurex Deutschland, it is necessary that the latter sign a Connection Agreement with Eurex Frankfurt AG, order the appropriate connectivity from Eurex Frankfurt AG and ensure access to the Eurex trading system with their trading software.
3. Details
A. §§ 29 para. 4, 56 para. 4, 57, 57a Exchange Rules - Introduction of Sponsored Access
Eurex Deutschland currently offers companies not admitted to it direct electronic access in the form of the order routing system (§ 56 Exchange Rules) and Direct Market Access (see § 57 Exchange Rules). To reduce access barriers and meet the increased need for new forms of access, Eurex Deutschland will expand its portfolio of access options to include Sponsored Access.
With this solution, non-Trading Participants can send orders directly to the Eurex Deutschland order book using the trader ID of a selected Sponsored Access Provider.
The Sponsored Access Providers, in turn, have the possibility of carrying out appropriate checks on the trading activities of their Sponsored Access Users in the Eurex trading system before their orders reach the order book.
The amendments will come into effect on 1 December 2025.
B. § 8 para. 1 Trader Admission Regulations - Exchange trader examination with monitoring via video conference
Currently, the exchange trader examination is conducted on the premises designated by the Management Board of Eurex Deutschland. The supervision of the examination is carried out by employees of the Deutsche Börse Group on site. With the proposed amendment to the regulations, supervision of the exchange trader examination can therefore also be carried out via video conference with the approval of the Management Board of Eurex Deutschland.
The amendments will come into effect on 7 July 2025.
C. Section 2.8 Trading Conditions - Change of name
SIS SEGAINTER-SETTLE AG, mentioned in Section 2.8 of the Trading Conditions, now operates under the name SIX SIS AG. This should be included in the Trading Conditions as an editorial amendment. No changes in content are associated.
The amendments will come into effect on 7 July 2025.
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | Eurex Rules & Regulations | |
Authorized by: | Jonas Ullmann |
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.
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