Nur in Englisch: Eurex Maximum Order Value and Transaction Size Limits: Annual review of exchange limits

- Dieses Rundschreiben ist nur in Englisch verfügbar. -

1. Introduction ​

The Management Board of Eurex Deutschland took the following decision with effect from 10 March 2025: 

• Maximum Order Values and Maximum Order Quantities (also known as Transaction Size Limits) for entering orders and quotes of individual contracts according to § 10 (4), (5) Exchange Rules of Eurex Deutschland are determined as outlined in Transaction Size Limits 10032025.csv and Maximum Order Value 10032025.csv.

Production start: 10 March 2025

2. Required action

Eurex User Admins of Clearing Members or Trading Participants may take note of the new exchange limits applied for Transaction Size Limits and Maximum Order Value and decide to amend own limits in case needed. 

As a reminder, for Transaction Size Limits as well as for Maximum Order Value, always the lowest limit set, either by the exchange, Clearing Member (only for transaction size limits) or Trading Participant, applies as effective limit.

3. Details of the initiative 

Amended Exchange Limits for Order Book Trading

The new exchange values for Transaction Size Limits as well as for Maximum Order Value will apply in production environment starting 10 March 2025.

Exchange Limits for Transaction Size Limits and Maximum Order Value are available via the Reference Data Interfaces and part of the instrument snapshot message. Additionally, Transaction Size Limits can be found in the Eurex Admin GUI in the Transaction Size Limit screen, as well as via the Eurex Reference Data API. Also, effective limits for each Trading Participant can be found in the respective Reports RD215 and RD225. 

All product groups with updated Transaction Size Limits, and all products with updated Maximum Order Value can be found in the Attachments. All unchanged values are excluded.

Reminder: Rejection due to Exchange Limits

Orders exceeding the Maximum Exchange Limit for order book trading for Maximum Order Value or Transaction Size Limit will be rejected automatically by T7. 

Upon request of a Trading Participant via Eurex Trading Operations, orders rejected by the exchange limits may, in the individual case, be accepted by the Management Board of Eurex Deutschland. Such a request can be made via the already available Trading-on-Behalf process by contacting Eurex Trading Operations.

Further details on the enhanced Maximum Order Value functionality can be found in the Eurex T7 12.0 Functional Reference Guide on the Eurex website www.eurex.com under the following link: 

Support > Initiatives & Releases > T7 Release 12.0 > System Documentation > Overview and Functionality > T7 Release 12.0 Functional Reference 

Attachments:  

• 1 – Transaction Size Limits 10032025 (.csv)
• 2 – Maximum Order Value 10032025 (.csv)

Further information