A member of
Eurex
1. Introduction
The Executive Board of Eurex Frankfurt AG has decided the following amendments to the Price List to the Connection Agreement, Provider Connection Agreement and STPIP and QTPIP Connection Agreement (hereafter: Price List) as well as to the General Terms and Conditions to the Agreement on the technical connection and the utilization of the Exchange-EDP of Eurex Deutschland (hereafter: GTC Connection Agreement) and the GTC Connection Agreement and General Terms and Conditions to the Agreement on the technical connection of a Multi-Member System Provider to the Exchange-EDP Eurex (hereafter: GTC Provider Connection Agreement) with effect from 3 November 2025:
Production start: 3 November 2025
Learn now more about Eurex Connectivity offerings on our dedicated support page under the following link: Support > Technology > Connectivity.
2. Required action/Requirements for participation
Depending on the specifics of their trading activity, Trading Participants as well as Multi-Member System Providers should check if they want to use the new order entry connectivity offered.
As of 3 November 2025 onwards, orders for the new 1 Gbit Prime order entry connectivity can be placed in the Member Section of Deutsche Börse.
3. Details of the initiative
A. Background
Eurex Frankfurt AG’s connectivity portfolio aims to meet the needs of a variety of customers, from ultra low-latency Market Makers to buy-side customers. Many firms fall between the two profiles, e.g. traditional proprietary trading firms, banks or asset managers who need more bandwidth than the current offerings but do not require the full 10 Gbit/s.
Order entry connections are provided via the Eurex 10 Gbit/s low-latency network as well as via Eurex standard routed network connections. Latency-wise, the 10 Gbit/s low-latency option currently outperforms the standard Eurex connections, by mid two-digit microseconds (one-way).
B. Requests by customers for new connectivity alternative
To meet the demand from Trading Participants with additional variety in the connectivity offering below the fastest available connection, Eurex will offer a new connectivity alternative which should still account for certain latency needs within the microsecond environment. To cater for that, Eurex Frankfurt AG introduces a new technical order entry connectivity called 1 Gbit/s Prime. The 1 Gbit/s Prime connectivity will be slower in a low single digit microsecond range compared to a 10 Gbit/s connectivity offering and therefore offer significantly reduced latency compared to Eurex standard routed network connections. The exact latency difference depends on the packet size transmitted due to the reduced bandwidth.
C. Technical set-up and ordering process
This service is available exclusively via Leased Line in Equinix FR2 co-location facility. The ordering process, delivery of the lines and network set-up is identical to the current 10 Gbit/s process.
Eurex Frankfurt AG will start this offering with two new access point Cisco 3548XL (one on side A, one on side B) which are fully reserved for the 1 Gbit/s Prime offering. The fee per Connection will be 5,600 EUR. Like today, monthly fees for a connection component are charged starting with the calendar month following the technical implementation of the connection. This applies regardless of whether the connection has been used or a functional test has been completed.
Eurex Frankfurt AG provides a maximum of six (6) 1Gbit/s Prime Order Entry connections per access point, this limit is not interchangeable with the current limit for 10Gbit/s Order Entry connections.
As of 3 November 2025 onwards, orders for the new technical connectivity can be placed in the Member Section of Deutsche Börse.
The amended sections of the Price List, Connection Agreement and Provider Connection Agreement are attached to this circular. As of the effective date, the full version of the amended Price List will be available for download on the Eurex website www.eurex.com under the following link:
Rules & Regs > Eurex Rules & Regulations > 04. Connection Agreements
Pursuant to § 9 of the General Terms and Conditions of the Agreement Concerning the Technical Connection and the Utilization of the Exchange EDP of Eurex Deutschland (Connection Agreement), Eurex Frankfurt AG is entitled to amend the General Terms and Conditions at any time, having due regard to the interests of the Trading Participant. Amendments to the General Terms and Conditions will be notified to Trading Participants at least six (6) weeks prior to their effective date. They are deemed to have been approved if the Trading Participant does not lodge objections in writing with Eurex Frankfurt AG within six (6) weeks of notification of the amendment.
Attachments:
Further information
Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration | |
Contact: | client.services@eurex.com | |
Web: | ||
Authorized by: | Quinten Koekenbier |
Market Status ⓘ
XEUR
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.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
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.
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