T7 Release 14.1
The upcoming T7 Release 14.1 introduces significant enhancements to the Eurex trading environment. These upgrades aim to broaden liquidity opportunities, simplify market access, and deliver an improved trading experience for Eurex clients:
- Synthetic Matching for Packs and Bundles in STIR Markets
- Decommissioning of Deprecated ETI Order Entry Requests
- Sponsored Access – Wave 2
Simulation start: 23 March 2026
Production start: 18 May 2026
Circulars
Circulars
- Eurex Circular 103/25 Announcement of T7 Release 14.1
Release Items/Participants Requirements
Feature/Enhancement | Details | Action Item |
Synthetic Matching for Packs and Bundles in STIR Markets | Eurex is expanding its synthetic matching capabilities, which were introduced with the T7 Release 14.0. This functionality will now include synthetic matching for butterfly and condor strategies in Short-Term Interest Rate (STIR) futures. This enhancement allows incoming orders for these strategies to be matched against a synthetic combination of orders from simple instruments in the order book. The goal is to enhance order book liquidity and transparency in the STIRs market. It's important to note that synthetic matching will not be supported for packs and bundles. Trading for packs and bundles will continue to operate on a direct matching basis, where orders and quotes only match against others of the same instrument. | Packs and Bundles: No action is required for trading packs and bundles, as the matching logic remains unchanged (direct matching).
|
Decommissioning of Deprecated ETI Order Entry Requests | Five new ETI order management requests were introduced with T7 Release 12.0. The key benefits include:
| To take advantage of significant performance improvements and ensure a seamless transition, clients are required to update their order entry software. Please begin migrating immediately from the deprecated Single- and Multi-Leg requests to the five new requests, which are already active in the production environment. |
Sponsored Access – Wave 2 | Following its initial launch, Eurex is upgrading the Sponsored Access (SpA) program in T7 Release 14.1 with new tools for both sponsors and their clients.
| SpA Service Providers: Service Providers should prepare their systems to integrate the new FIX LF functionalities to enhance their monitoring and risk management capabilities. They should also familiarize themselves with the new stop functionality via ETI.
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