Archive

Self-Match Prevention – Selected Mandatory Usage

As of 01 April Eurex Exchange Participants are required to mark specific algorithmically generated orders and quotes with a SMP ID. For the regulatory basis for this, please refer to Article 8 of Commission Delegated Regulation (EU) 2017/590 and Article 9 of Commission Delegated Regulation (EU) 2017/590.

Production start: 01 April 2021

Self match prevention timeline

 

System Documentation

Circulars

Items/Participation requirements

Items

Change

Action

SMP ID

Trading Members are required to mark proprietary algo generated orders and quotes with a SMP ID where the algo is responsible for both the investment decision and the execution decision.

Clients need to ensure to flag described orders using SMP ID.

In all other application scenarios, the usage of the T7 SMP functionality remains voluntary.


Matching principles

Interested in the matching principles? Here you can find our how T7 treats orders and quotes.

Member Section

Have you already seen our new designed Member Section?

In case of any questions or your require further information, please contact us at 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.

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