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Deutsche Boerse Group
Eurex Exchange completes migration to new, state-of-the-art trading
New global trading system fully rolled out since 10 June/
Fixed-income derivatives segment was last product group to migrate
Eurex Exchange has been operating since Monday, 10 June, entirely on
Börse Group’s global trading architecture. The fixed-income derivatives
segment, including highly liquid Euro-Bund, Euro-Bobl and Euro-Schatz
was the last to migrate from the previously used system. The new platform
the needs of Eurex Exchange participants in terms of enhanced performance,
efficiency and capacity, more connection options and improved
while maintaining the high stability and availability that traders are used
This technology has already been successfully used since April 2011 by the
International Securities Exchange (ISE), the leading U.S. options venue and
Eurex Exchange’s partner exchange.
When it comes to latency, major improvements are already measurable: the
round-trip time for the fastest futures order was around one millisecond in
old system; now it is just 150 microseconds approximately. The average
for the system as a whole has been reduced by more than 50 percent for
and more than 90 percent for options.
The migration began on 3 December 2012. A first software release will
July 2013, which will reduce latency further. Optimizing internal
orders will lead to a considerably higher system capacity and more frequent
supply of market data. A further release is planned for the end of 2013,
will introduce new functionalities for new product types and a new market
interface for benchmark futures – the Eurex Enhanced Order Book Interface.
“With the introduction of the new trading architecture, Eurex proves again
position as an innovative exchange. Part of their success is the open
communication with their members and providing a transparent system. The
matching engine brings capacity without compromising on the importance of
safety in a trading environment. This combined will enable market makers
Optiver to continue posting tighter spreads for end investors to trade,”
Hans Pieterse, Head of Market Structure Europe, Optiver.
“We thank our participants for their constructive cooperation in the
smooth migration. Our new world-class system gives participants access to
liquid and global markets with well-known competitive advantages in terms
enhanced functionality, stability, latency and performance. With the final
migration step, Eurex Group once again provides innovative IT solutions on
global scale,” said Jürg Spillmann, Deputy CEO at Eurex.
The global trading architecture offers considerably more flexibility, which
will also enable faster time-to-market implementation in the future. The
high-performing messaging architecture provides lower latency and faster
communication and is based on extremely reliable database systems. Eurex
Exchange participants also benefit from improved functionality including a
comprehensive spread matrix, which offers 190 calendar spreads for EURIBOR
futures and user-defined options strategies.
Heiner Seidel, Tel: +49-69-2 11-1 15 00, e-mail:
For the latest information and updates, connect with Eurex Group on Twitter
(@EurexGroup) and LinkedIn (www.LinkedIn.com/company/eurex), or visit our
website at www.eurexgroup.com
Further information from Deutsche Boerse Group
is available under http://deutsche-boerse.com/press
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