Deutsche Börse plans to introduce T7 Release 11.1 in May 2023
Deutsche Börse plans to introduce T7 Release 11.1 on 22 May 2023. The simulation for T7 Release 11.1 is planned to start on 27 March 2023.
The list of enhancements includes:
- Anonymous Baskets;
- End Client Disclosure;
- Introduction of a Fee Code;
- Eurex Improve via FIX LF;
- Password Encryption for ETI.
- Anonymous Baskets
With T7 Release 11.1, Eurex will provide the possibility for the submissions of basket trades flagged as anonymous by the initiating broker. When submitting an anonymous basket trade, the counterparties will not be disclosed to each other – only the initiating broker will see the involved counterparties. Anonymous baskets will keep the full functionality offered for transparent baskets as of today, including basket modifications and amendments, which will also be available for the involved counterparties directly.
- End Client Disclosure
Trading Participants performing Direct Market Access or Order Routing Services will be able to disclose the beneficiary owner in the order message towards the exchange to allow for fee differentiation in the context of the newly designed fee complexity reduction framework.
- Introduction of a Fee Code
Eurex will take the first step toward unbundling business complexity from operational complexity regarding fee handling. By doing so, Eurex will provide fee relevant information in a transparent and comprehensive way to Trading Participants so that Trading Participants can use that information to manage and calculate fees directly. Therefore, a fee code will be introduced that will allow Trading Participants to lookup the applicable fee information.
Please note that T7 will provide the trading fee relevant fee information within the fee code sent out with the trade information. C7 will be enhancing the fee code with clearing fee relevant information resulting in the final fee code.
- Eurex Improve via FIX LF
With T7 Release 11.1, Eurex will offer the possibility to use the Eurex Improve functionality also via FIX LF.
- Password Encryption for ETI
With T7 Release 11.1, Eurex will provide an additional login option for both, sessions and users for the T7 Enhanced Trading Interface (ETI) with a password padded by the current UTC timestamp, encrypted with Deutsche Börse’s public RSA key, and base64 encoded.
T7 Release 11.1 will be backwards compatible to T7 Release 11.0.