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Eurex: Mandatory Usage of T7 Self-Match-Prevention (SMP) Functionality

April 1

On April 1, Eurex exchange rules will require that Exchange Participants mark specific algorithmically generated orders and quotes with an SMP ID. This obligation only applies to proprietary trading via a computer algorithm, where the algo is responsible for both the investment decision and the execution decision. In all other application scenarios, the usage of the T7 SMP functionality remains voluntary. 

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