Service Navigation

Eurex EnLight: targeting a new segment

Release date: 14 Jun 2018 | Eurex Exchange, Eurex Clearing

Eurex EnLight: targeting a new segment

Taking into account clients’ needs, we are extending the product range of Eurex EnLight into the equity derivatives space.

Extension ahead: from 19 June 2018, our selective request-for-quote (RFQ) platform Eurex EnLight is going to cover equity and equity index derivatives. Specifically, the off-book trading service for listed derivatives is going to broaden its product scope to include equity options and equity index options on Swiss underlyings in addition to fixed income derivatives. We launched Eurex EnLight in December 2017 to allow market participants to selectively engage with counterparties to find liquidity and arrange exchange trades off-book.

Client consultations revealed that there is demand for EnLight to also cover equity and equity index derivatives. Derivatives on Swiss underlying will be the first segment in this regard. To ensure a smooth process, a simulation preceded the extension. For three days, market participants representing half of the Swiss market segment extensively tested the service and concluded several simulation deals on Eurex EnLight. In the near future, we will continue to extend the product range of EnLight into the equity derivatives space according to clients’ needs. “We’re targeting one segment at a time,” Randolf Roth, Member of the Executive Board at Eurex, explains.

EnLight has been designed against the background of MiFID II. “While the regulatory agenda seeks to drive business to the lit markets, there will always be special needs when executing large orders without impacting the market,“ says Roth. “That is why we at Eurex spent a lot of our innovative power to create new market models under the framework that meet both the regulator‘s demand for transparency and the industry‘s need for discrete execution of large orders.”

Bringing together Market Makers and Brokers to efficiently execute large client orders, Eurex EnLight supports best execution, one of the key requirements of investor protection of the MiFID II regulation. At the same time, our platform facilitates the audit trail as clients can easily track requests and responses as well as trade arrangements.

Several market participants already use the service, and the activities of Market Makers who receive requests are strong. However, mindsets and processes – for example of formerly handling requests via phone or chat – do not change in a day, as Randolf Roth acknowledges: “We are well aware that it takes time for a completely new model to become established.” Clients confirm that EnLight is the right way but that they need to adjust their procedures. “Our platform makes the process of finding a trading counterparty more transparent, and it simplifies requests and audit trails,” Randolf Roth says. “And though it might take some time I strongly believe that these advantages will win through so that clients can benefit from efficient trade arrangements compliant with regulation.”

Any member interested to be added to the whitelist of potential responders for RFQs in Swiss equity derivatives is invited to contact Eurex via e-mail at [email protected], indicating respective Trader IDs and product groups they want to be added for.


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.

  • 越来越多人家中不装推拉门 现在流行这种采光好 ——凤凰网房产 2018-12-18
  • 南昌火车站区域将增设电子警察 2018-12-17
  • 地价10年暴涨4倍背后:供地减半 开发商拿地疯狂 ——凤凰网房产天津 2018-12-16
  • 思想与用词停留在三十年前。 2018-12-15
  • 法制日报:别让世界杯激情冲淡守法意识 2018-12-14
  • 候选案例:碧桂园沪苏一对一帮扶基金 2018-12-14
  • 昌赣高铁假期加紧施工 2018-12-13
  • 本网专稿--河北频道--人民网 2018-12-13
  • 21个月写了12封家书——左权:烽火里的家国情怀 2018-12-12
  • 为何限制次数?预期效果怎样?如何保障出行?——三问北京部分载客汽车管理新政策 2018-12-11
  • 电视剧《脱身》曝最新海报 2018-12-11
  • 北汽两年估值涨6倍 却难掩新能源汽车“拐杖”后遗症 2018-12-10
  • 不好意思了,忘记还有赌球一说。[哈哈] 2018-12-10
  • 最悲催的吃货:7年前花1万比特币买两个披萨现在值2亿 2018-12-09
  • 申长雨率团访问加拿大知识产权机构 2018-12-08
  • 143| 152| 711| 117| 779| 750| 23| 399| 918| 401|