Service Navigation

Fairer is better! New market structures for more transparent markets

Release date: 11 Mar 2019 | Eurex Exchange

Fairer is better! New market structures for more transparent markets

Changes in the financial markets are nothing new, only the reasons and the speed varies. At present, we are facing a continuously evolving investment behavior and growing regulatory challenges. What to do?

The answer is simple: move with the market or, even better, be ahead of the market. That is why we consequently review and adapt our existing market models to best support regulatory effort and our customers.

We want to attract as much diversified flow as possible to our main tool, which is the central limit order book. As there is also a need for large-scale business, we developed solutions to attract this heterogeneous flow on exchange as well. That way, we will support the buy side while at the same time serving the sell side’s needs. Our market structure roadmap aims at strengthening fairness in the price discovery process and at equal treatment off all trading participants.

Three effective tools drive our initiative

Since we believe that volumes and liquidity rise if markets are well organized these three new mechanisms are meant to enhance organization, transparency and fairness.

Eurex EnLight – our solution for large-scale business that ensures transparent and efficient off-book trade conclusions. The aim is to bring OTC business in Eurex products on exchange and into central clearing. This selective RfQ-based service allows banks and brokers to selectively contact Market Makers with requests for quotes in order to find a trading counterparty. Orders are executed in Eurex’s T7 Entry Service and then automatically transmitted for subsequent post-trade processing.?

Eurex Improve aims to attract additional trading volumes by providing our members with a tool to guarantee towards their end-customers full executions of any trading quantity to the best price available in the market. The objective behind Improve is to motivate banks/brokers to attract more customer flow to the order book by providing them with preferred customer interaction ability. This counters fragmentation as it strengthens the order book. To the benefit of the end-client, this market-driven solution is meant to increase facilitation of customer flow to interact with the price improvement competition in the order book.?

Eurex Protect (Passive Liquidity Protection) addresses the speed disadvantage liquidity providers have in the order book versus certain aggressive super-fast strategies. It enables liquidity providers to strengthen their focus on the need of the end-clients such as institutional investors. It is designed to help level the playing field by giving all traders who have placed a resting order additional time to react to price changes in related markets. This helps end investors to find appropriate liquidity.


Market Status




Parts of the trading system are currently experiencing technical issues

The trading system is currently experiencing technical issues

Production newsboard

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.

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.

  • 报告显示: 中国海外人才归国逐年上升 2019-03-21
  • 脱下警服当支书 老高回村以后(新时代·面孔) 2019-03-20
  • 《国风·秦韵》庆祝2018年文化和自然遗产日惠民演出开演 2019-03-19
  • 台湾如何管理“路边摊” 2019-03-18
  • 回复@老老保老张工:玩你的铁环去! 2019-03-17
  • 新时代的主要矛盾是需要与发展不充分不平衡的矛盾,发展不充分的原因在于历史的欠账,近代的落后,发展的不平衡的原因应该归功于市场经济。 2019-03-17
  • 广东暴雨4人“疑似被电击”致死 市民上街提心吊胆 2019-03-16
  • 岚山区:婚育新风吹进基层 2019-03-16
  • 中印抗衡欧佩克相关新闻 2019-03-15
  • 回复@跟踪追击:又一个老蚕被钓出来了!咱先不说话了,看到底能钓出几个老蚕? 2019-03-14
  • 今天,这个国家十分之一人来到了现场 2019-03-14
  • 就因为“阶级亲”,才应把这些难民送到欧洲。欧洲生活水平高呀,让亲人生活的更好。不能让他们到中国受苦受难呀。 2019-03-13
  • 土地红线不断的下降,农民却越吃越饱,中国农民是一只神的力量,会魔法 2019-03-12
  • 首届上合组织国家电影节 “冷门”电影集中亮相 观众大饱眼福 2019-03-11
  • 丹东楼市调控后日均销售不足20套,市场回归正常 ——凤凰网房产上海 2019-03-11
  • 113| 290| 609| 699| 221| 894| 481| 102| 674| 470|