T7 Release 12.0
With T7 Release 12.0 the following enhancements will be introduced:
- MiFID II MiFIR enhancements
- Introduction of a new Crossing Procedure and Pre-Arranged Trade Entry Possibility
- Introduction of Total Return Futures Delta Neutral Strategies
- Enhancements of the Transaction Size Limits regime
- Usage of the Legal Entity Identification for the identification of the Buy-Side Disclosure Clients
Simulation start: 11 September 2023
Production start: 20 November 2023
- System Documentation
- Circulars
- Readiness Videos
- Readiness Statement
Circulars
- Eurex Circular 006/24 Eurex connectivity: Introduction of new market data and order entry switches
- Eurex Circular 095/23 T7 Release 12.0: Important information for production start
- Eurex Circular 093/23 MiFID II/MiFIR order flagging requirements: Reminder regarding upcoming enhancements of T7 fields and the Member Section upload functionality for Short Codes and Algo IDs
- Eurex Circular 090/23 T7 Release 12.0: Announcement on Eurex T7 functionality activations after Release Date
- Eurex Circular 082/23 Eurex Volatility Interruptions: Adjustment of parameters in selected products with Asian and US trading hours
- Eurex Circular 073/23 MiFID II/MiFIR: Enhancement of the upload functionality for Short Codes and Algo IDs in the Member Section
- Eurex Circular 043/23 Announcement of T7 Release 12.0
Newsflashes
- Eurex Exchange Newsflash | MiFID II/MiFIR: Short Code and Algo ID Upload GUI Production Start
- Eurex Exchange Readiness Newsflash | Update T7 Release 12.0 – Eurex Buy-Side Trading Disclosure on hold
- Eurex Exchange Readiness Newsflash | T7 Release 12.0: Upcoming MiFID II/MiFIR enhancements for T7 Trader GUI
- Eurex Exchange Readiness Newsflash | T7 Release 12.0 – Readiness Statement available
- Eurex Exchange Readiness Newsflash | Reports: Changes to display of numeric and numeric signed fields in dedicated reports
- Eurex Exchange Readiness Newsflash | T7 Release 12.0: Publication of Focus call - screencast
- Eurex Exchange Readiness Newsflash | T7 Release 12.0 – Publication of Final Release Notes and further documentation
- Eurex Exchange Readiness Newsflash | Update T7 Release 12.0 – Eurex Buy-Side Trading Disclosure
We kindly ask all Trading Participants to submit the Readiness Statement for T7 Release 12.0 by Friday, 10 November 2023 latest.
For your convenience a online submission process has been published. The online Readiness Statement is here available: Readiness Statement. Please enter your dedicated Eurex PIN in the online questionnaire. The PIN for your company has been sent to the Central Coordinator.
Release Items/Participants Requirements
Feature/Enhancement | Details | Action Item |
MiFID II MiFIR enhancements | Eurex will introduce a dedicated validation scheme for the fields Execution ID, Investment Decision ID, and Client ID in all trading interfaces. The validation scheme relates to the submission requirements of the short code and algo ID information in the transactions. For easier readability, the term short code shall include the algo ID as well in the following sections. | Trading Members need to adapt to these changes and perform sufficient testing. |
Introduction of a new Crossing Procedure and Pre-Arranged Trade Entry Possibility | Eurex will introduce a new crossing procedure and entry possibilities for on-exchange pre-arranged trades based on the Eurex Improve functionality. This will enable Trading Participants to provide all required information at the appropriate time while ensuring the time management and compliance of announcements as required by the Eurex Rules and Regulations for all participating orders. | Trading Members need to adapt to these changes and perform sufficient testing. |
Introduction of Total Return Futures Delta Neutral Strategies | Eurex will enable its Trading Participants to trade an Index Total Return Future (TRF) in conjunction with the respective Price Index Future on that same Index simultaneously via the TES Entry Service. This new service will be called Delta Neutral Strategies. | Trading Members need to adapt to these changes and perform sufficient testing. |
Enhancements of the Transaction Size Limits regime | Eurex will introduce the possibility to define Exception Transaction Size Limits (ETSLs) on the level of a TSL user group and product combination in addition to the existing ETSL definition for a user and product. | Trading Members intending to use this functionality should perform sufficient testing. |
Usage of the Legal Entity (LEI) Identification for the identification of the Buy-Side Disclosure Clients | Eurex will enable Trading Participants and Buy-Side disclosure clients to use the LEI for the Buy-Side disclosure in addition to the 5-characters identification string. Please note that a Buy-Side Disclosure Client Identification can only either be a LEI or a 5-characters identification string. | Trading Members need to adapt to these changes and perform sufficient testing. |
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Contacts
Eurex Frankfurt AG
Release Competence Center
Service times from Monday 09:00 – Friday 18:00 CET
(no service on Saturday and Sunday)
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