Initiatives & Releases

T7 Release 12.1

With T7 Release 12.1 following enhancements will be introduced:

  • Introduction of non-standard Options Volatility Strategies
  • Introduction of market-wide Self-Match Prevention
  • Volatility interruption enhancements


Simulation start: 25 March 2024
Production start: 13 May 2024










System Documentation


Enhanced Trading Interface

FIX LF

  • N7_-_Network_Access_Guide.v.2.3.3
    Published 16 Jul 2024 - This document provides details on the network access options for T7 and Eurex Clearing's interfaces. It includes detailed technical background information, such as router equipment information and port numbers for the configuration of firewalls.
  • T7 Disaster Recovery Concept 2024 - Interface Configuration Details v.1.1
    Published 27 Aug 2024 - This document provides an overview of Deutsche Börse’s disaster recovery concept for the T7 trading system. It contains the required technical background information as well as functional features and limitations to enable participants to continue trading in a DR situation.
  • T7 Market Data Report Derivatives 2024-08-05
    Published 7 Aug 2024 - This file contains for one specific date (Frankfurt time) the number of packets per multicast address and port combination enhanced with the stream and market information. Please note that the number of packets varies per day and the “From” and “To” columns contain the first and last minute where data was received on that day for the respective combination.
  • T7 Market Data Report Cash 2024-08-05
    Published 7 Aug 2024 - This file contains for one specific date (Frankfurt time) the number of packets per multicast address and port combination enhanced with the stream and market information. Please note that the number of packets varies per day and the “From” and “To” columns contain the first and last minute where data was received on that day for the respective combination.
  • T7 Market Data Report Derivatives 2024-03-25
    Published 27 Mar 2024 - This file contains for one specific date (Frankfurt time) the number of packets per multicast address and port combination enhanced with the stream and market information. Please note that the number of packets varies per day and the “From” and “To” columns contain the first and last minute where data was received on that day for the respective combination.
  • T7 Market Data Report Cash 2024-03-25
    Published 27 Mar 2024 - This file contains for one specific date (Frankfurt time) the number of packets per multicast address and port combination enhanced with the stream and market information. Please note that the number of packets varies per day and the “From” and “To” columns contain the first and last minute where data was received on that day for the respective combination.



  • T7 Incident Handling Guide v.5.5
    Published 11 Mar 2024 - This document provides a detailed description of the reaction of Deutsche Börse's T7 trading system to technical incidents and provides best practices for handling them. In addition, the document provides references to the respective focus days in the T7 simulation environment which are intended to simulate such incidents.

Circulars

Readiness Videos



Release Items/Participants Requirements

Feature/Enhancement 

Details

Action Item

Introduction of non-standard Options Volatility Strategies

Eurex will introduce non-standard Options Volatility Strategies (NOVS) that will enable Trading Participants to create and trade non-standard options strategies with a futures underlying leg to achieve delta-neutrality of such complex instruments.


NOVS will be introduced as a new instrument type and be supported in the same way as Options Volatility Strategies are, that is for on-book trading, for TES trading and for Eurex EnLight, via GUI as well as via the electronic member interfaces.

Trading Members need to adapt to these changes and perform sufficient testing.

Introduction of market-wide Self-Match Prevention

A new market-wide SMP functionality will be launched with T7 Release 12.1, and will be offered optionally and in parallel with the existing SMP Type A functionality for orders and quotes. 

Trading Members intending to use this functionality should perform sufficient testing.

Volatility interruption enhancements

Eurex will enhance its volatility interruption processing by introducing a new static volatility interruption for selected products. 


The new static volatility interruptions will be based on static price ranges around reference prices defined by the exchange. A volatility interruption will be triggered if the allowed static price deviation is exceeded. The execution of the incoming order will be prevented and the affected instrument or all instruments of the affected product will be automatically moved from continuous trading to a volatility auction, identical as today. Reference prices for determining the static volatility interruption will remain static over the trading day and only be updated intraday via certain market situation, such as a volatility auction.

Trading Members need to adapt to these changes and perform sufficient testing.

Eurex Initiatives Lifecycle

From the announcement till the rollout, all phases of the Eurex initiatives outlined on one page! Get an overview here and find other useful resources.

Contacts

Eurex Frankfurt AG
Release Competence Center

Service times from Monday 09:00 – Friday 18:00 CET
(no service on Saturday and Sunday)


client.services@deutsche-boerse.com


Are you looking for information on a previous initiative? We have stored information about our previous initiatives in our Archive for you!

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.

An instant update of the Market Status requires an enabled up-to date Java™ version within the browser.