Eurex enhances trading, clearing and risk
16 November 2010 Frankfurt
Image: Shutterstock
The international derivatives exchange Eurex launched yesterday its latest software release. Eurex Release 13 provides members with more flexible clearing solutions, new risk management functionalities and comprehensive enhancements in the trading layer, for example a new optional interface and a further optimized matching system.
The risk management features included in Release 13 contribute to European
and U.S. regulators’ goals of achieving higher safety and stability of
financial markets.
The main components in the clearing and risk management areas are a
client asset protection solution and new pre-trade risk management tools.
The client asset protection solution will enable Eurex Clearing users to
choose among different segregation levels for their accounts based on individual
needs.
Introduction is planned in the first half of 2011. The new real-time pre-trade risk management service called Advanced Risk Protection, which will
be launched on 29 November 2010, will enable members to set maximum risk
limits
for instance based on the total margin requirement or cash flows.
Additionally, Eurex’s Wholesale offering has been improved. Eurex customers
are
now offered enhanced close-out procedures for flexible contracts
transactions
while the Multilateral Trade Registration facility has been adjusted to
make it
easier to track and process trades post execution.
The new optional Enhanced Confirmation Solution – to be launched on 17
November
– gives members the ability to receive recoverable order, trade and
matching
event information independent of the current MISS architecture. The new,
FIX-compatible interface is based on the same technology as Eurex's
existing
Enhanced Transaction Solution interface. Other technology advancements
include
further latency reduction and greater price granularity.
Release 13 is a key milestone in the Eurex Technology Roadmap. Launched in
early 2006, the roadmap bundles a variety of components for system
optimization: software and hardware upgrades, launches of new offers and
services, and the distribution of new, customizable data packages.
The risk management features included in Release 13 contribute to European
and U.S. regulators’ goals of achieving higher safety and stability of
financial markets.
The main components in the clearing and risk management areas are a
client asset protection solution and new pre-trade risk management tools.
The client asset protection solution will enable Eurex Clearing users to
choose among different segregation levels for their accounts based on individual
needs.
Introduction is planned in the first half of 2011. The new real-time pre-trade risk management service called Advanced Risk Protection, which will
be launched on 29 November 2010, will enable members to set maximum risk
limits
for instance based on the total margin requirement or cash flows.
Additionally, Eurex’s Wholesale offering has been improved. Eurex customers
are
now offered enhanced close-out procedures for flexible contracts
transactions
while the Multilateral Trade Registration facility has been adjusted to
make it
easier to track and process trades post execution.
The new optional Enhanced Confirmation Solution – to be launched on 17
November
– gives members the ability to receive recoverable order, trade and
matching
event information independent of the current MISS architecture. The new,
FIX-compatible interface is based on the same technology as Eurex's
existing
Enhanced Transaction Solution interface. Other technology advancements
include
further latency reduction and greater price granularity.
Release 13 is a key milestone in the Eurex Technology Roadmap. Launched in
early 2006, the roadmap bundles a variety of components for system
optimization: software and hardware upgrades, launches of new offers and
services, and the distribution of new, customizable data packages.
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