X_TRADER® Documentation
- Introduction To X_TRADER®
- TT Login
- Workspace Management
- Control Panel Icon And Menu Descriptions
- Trading
- Trading And The Market Explorer
-
Trading And The Market Window
- Introduction to the Market Window
- Order Pane
- Submitting an Order using the Order Pane
- Launching an OTA from the Order Pane
- Selecting an Order Gatewayor Broker in the Market Window
- Applying Routing Rules in the Market Window
- Confirming Your Order in the Market Window
- Customizing the Quantity Buttons
- Order Pane Field Descriptions
- Algo Order Pane Field Descriptions
- Order Pane Context Menu
- Market Grid in the Market Window
- Using the Instrument Explorer in the Market Grid
- Market Grid Pane Field Descriptions
- Generating an RTD Formula
- Highlighting in the Market Grid
- Viewing Price Trend Indicators in the Market Grid
- Viewing Live-Only Contracts
- Viewing your Estimated Position In Queue
- Cloning Contract Rows
- Trading Eurodollar Options
- Launching an Algo in the Market Grid
- Market Grid Context Menu
- Viewing Market Depth
- RFQ Overview
- RFQ MiFID II
- Calculating Implieds
- Calculating Implied Ins
- Calculating Implied Outs
- Calculating Implied Quantities
- Calculating Implieds From Implieds
- Implied Functionality by Market
- Setting Implieds
- Viewing Implieds
- Managing Links
- Keyboard Trading in the Market Window
-
Trading And MD Trader
- Introduction to MD Trader
- MD Trader Field Descriptions
- Using the Instrument Explorer in MD Trader
- MDTrader - Order Entry
- MD Trader - Order Management
- MD Trader and Managing Links
- MD Trader - Displaying Market Data
- MD Trader - Configuration
- Using the MD Trader Context Menu
- Keyboard Trading in MD Trader
-
Orders And Fills Window
- Introduction to the Orders and Fills Window
- Order Modification Pane
- Order Toolbar
- Orders Pane
- Performing Order Status Inquiries
- Deleting an Order
- Canceling and Replacing an Order
- Holding Orders
- Pausing Synthetic Orders
- Changing Trigger Price Orders
- Recognizing Orders in an Unknown State
- Modifying Running Algo Variables
- Launching an OMA
- Keyboard Functions
- Fills Pane
- Adding a Manual Fill
- Deleting a Manual Fill
- Confirming Fills
- Changing Fill Account Information
- Start of Day Fills
- Fills Alert Dialog Box
- Using the Fills Pane Context Menu
- Fills Pane Column Descriptions
- Summary Pane
- Displaying Profit and Loss
- Position and Summary Pane Grouping
- Using the Summary Pane Context Menu
- Summary Pane Column Descriptions
-
Position Window
- Introduction to the Position Window
- Position Pane
- Displaying Profit and Loss in the Position Pane
- Position Pane Context Menu
- Calculating Profit and Loss
- Orders and Fills Pane Context Menu
- Understanding Credit and Margin
- Position Pane Grouping
- Position Pane Column Descriptions
- Orders and Fills Pane
- Order Status Inquiries
- Deleting an Order from the Position Window
- Confirming Fill Orders in the Position Window
- Holding Orders in the Position Window
- Pausing Synthetic Orders in the Position Window
- Recognizing Orders in the Unknown State
- Orders and Fills Pane Column Descriptions
- Keyboard Functions and the Position Window
- Order Passing
- Quote Board
- Depth Window
-
Spread Matrix
- Introduction to the Spread Matrix
- Launching the Spread Matrix
- Navigating the Spread Matrix
- Customizing the Spread Matrix
- Displaying the Butterfly-Condor Matrix
- Butterfly Condor Matrix Overview
- Trading with the Spread Matrix
- Spread Matrix Calculations
- Butterfly Matrix Calculations
- Spread Matrix Context Menu
- Creating Strategies
- Audit Trail
-
Floating Windows
- Floating Windows Overview
- Floating Order Book Overview
- Using the Floating Order Book
- Managing Algos in the Floating Order Book
- Keyboard Trading in the Floating Order Book
- Floating Order Book Column Descriptions
- Floating Depth Window
- Floating Net Position Window
- Using Floating Order Entry
- Using Multiple Floating Order Entry Windows
- Trading with the Order Bar
- Launching via the Net Position Field
- Seeding the Floating Order Entry
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Order Types
- X_TRADER Order Types
- Cross Orders
- Triggered Orders
- Iceberg Orders
- If Touched
- Triggered If Touched Orders
- Triggered Stop Orders
- Limits on Market Orders
- Machine Gun
- Market
- Market On Auction (MOA)
- Market On Close (MOC)
- Market On Open (MOO)
- Minimum Volume
- Submitting a Mutual Offset Order
- On Behalf Of Orders
- Order Cancels Order
- Duration Orders
- Time Sliced Orders
- Timed Orders
- Trailing If Touched Orders
- Trailing Limit Orders
- Trailing Stop Orders
- Volatility
- Volume Duration
- Volume Sliced Orders
- Best Limit
- Managing Saved Orders
- Saved Orders MiFID II
- Synthetic Orders on X_TRADER
- Introduction to Staged Orders
- Staged Order Creation
- Entering Related Child Orders
- Staged Order Management
- Staged Order Ownership
- Permissions and Risk
- Staged Orders Properties
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Wholesale Trading
- Introduction to Wholesale Trading
- SupportedTypes of Wholesale Trades
- Wholesale Orders MiFID II
- BVMF Cross Trades
- CME Cross Trades
- Eurex Wholesale Trades
- GMEX Wholesale Trades
- HKEx Wholesale Trades
- ICE Wholesale Trades
- LSE Cross and Committed Trades
- MX Cross and Committed Trades
- MEFF Cross Trades
- NYSE Liffe Wholesale Trades
- Euronext Wholesale Trades
- NYSE Liffe U.S. Wholesale Trades
- OSE J-NET Trades
- SFE Block Trades
- SGX Trade Reporting: One Sided Trades
- TFX Block Trades
- Aggregator
-
Automated Trading Windows
- Automated Trading Overview
- Introduction to the Algo Dashboard
- Deploying Algos
- Algo Order Management
- Sharing Algos in the Algo Explorer Pane
- Renaming Algos in the Algo Explorer Pane
- Deleting Algos in the Algo Explorer Pane
- Launching Algos in the Algo Variable Pane
- Updating Algos in the Algo Explorer Pane
- Setting Favorite Algos in the Algo Explorer Pane
- Managing Algo Templates
- Algo Behavior at Market Close
- Algo Behavior When the Algo SE Server is Restarted
- Algo Variable Pane
- Algo Explorer Pane
- Algo Orders Pane
- Algos Dialog Box
- Algo Dashboard Column Descriptions
- Algo Orders Pane Context Menu
- Algo Explorer Pane Context Menus
- Order Management
- Order Book
-
Parent Order Book
- Introduction to the Parent Order Book
- Parent Order Book Toolbar Field Descriptions
- Managing Autospreader Orders in the Parent Order Book
- Managing Staged Orders in the Parent Order Book
- Managing Synthetic Orders in the Parent Order Book
- Managing Algo Orders in the Parent Order Book
- Viewing Child Orders
- Parent Order Book Context Menus
- Algo Variable Pane in the Parent Order Book
-
Fill Window
- Introduction to the Fill Window
- Fill Window Fills Pane
- Fill Window Fills Pane Column Descriptions
- Fill Window Fills Pane Context Menu
- Fill Window and Start of Day Fills
- Managing Manual Fills in the Fill Window
- Changing Fill Account Information in the Fill Window
- Fill Window Position Pane
- Displaying Profit and Loss in the Fill Pane
- Fill Window Position Pane Column Descriptions
- Analytic Windows
- Alerts Manager
- Time And Sales
- Settings And Global Properties
-
Customer Defaults
- Introduction to the Customer Defaults
- Creating a Customer Defaults Profile
- Changing a Customer Defaults Profile
- Deleting a Customer Defaults Profile
- Setting Customer Defaults to Read-Only
- Sharing your Customer Defaults Profile
- Using the Customer List
- Customer Defaults for MiFID II
- Algo Defaults for MiFID II
- Customer Defaults Dialog Box Field Descriptions
- Order Defaults
- Risk Parameters
- Routing Rules
- Login Gateway
- Global Properties
- TT Minimizer
- Screen Configuration
- Customizing Fonts
- Filtering And Sorting Data
- Formatting Grids
- Resizing And Printing Windows
- Tabbed Windows
Eurex Wholesale Trades
You can use the Wholesale Order window to submit the following types of orders to Eurex:
- Block Trades: high volume trades in any outright or strategy product.
- Vola Trades: an OTC trade separately agreed to by both parties and approved by Eurex. This trade requires you to perform an options trade and hedge it with a futures trade.
- Exchange for Physical: an OTC trade which exchanges an OTC derivative product for an exchange-traded derivative.
- Exchange for Swap: a strategy where the position in the underlying is traded for a futures position.
- Cross Trades: occur when a user buys and sells the same contract simultaneously. Cross trades are not processed as OTC trades at Eurex, but are submitted using the Wholesale Order window.
The fields in the Wholesale Order window vary depending on the type of product or strategy you trade. If the product is a strategy, the associated legs for that strategy are listed in the appropriate fields in Wholesale Order window. However, leg prices will not be displayed for Eurex spreads and strategies.
Submitting Wholesale Trades on Eurex
To submit a wholesale trade on Eurex:
- Open the contract you wish to trade in a Market Grid window.
- In the Market Grid, right-click
the row containing the contract and select Wholesale Orders from
the context menu.
Note: The Wholesale Orders options are grayed-out if:
- Your administrator has not enabled wholesale trades in TT User Setup.
- The product/exchange does not support wholesale trades.
- Verify that an order type is selected in the Order Types pane and set the quantity and price for the Wholesale trade.
- Complete the exchange-specific fields as listed below.
The table below lists the common fields for submitting wholesale trades on Eurex.
Wholesale Trades on Eurex | ||
X_TRADER Field | Values/Examples | Description |
Customer |
A drop-down list of available Customers. |
Only customers selected in the X_TRADER Customer Defaults window appear in the Customer field list. This is an optional field.When a customer selection is made, the Account Number field is populated with the customer’s account number. Note: Any changes to customer defaults (e.g., select another customer) requires a relaunch of the Wholesale Order window to pick up the most recent changes. |
Account Number |
Free-form text up to 14 characters. |
Sets the Customer Account Number. |
Account Type |
Supported account types:
|
Sets the account type for submitting the trade. If set to Giveup (e.g., G2), the you must populate the Giveup field with the take-up member ID. |
Open/Close |
Open Close |
Sets whether the trade opens or closes the traders’ positions. |
Counterparty |
TTGXVTRD001 |
Sets exchange counterparty ID for the other party of the trade. Eurex requires the entire 11 character MGT (member group trader) to be entered in the Counterparty field of the Wholesale window. |
Giveup |
TRAXV |
Sets exchange member ID of the Giveup firm. This field is mandatory when Account Type equals G2. |
The following figure shows a Eurex Block trade using the Common Wholesale Trade Fields:
This figure shows a Eurex Block trade with a Give Up account using the Common Wholesale Trade Fields:
Additional Fields for Vola Trades
To submit Vola trades, you must first complete the fields listed in Common Wholesale Trade Fields for Eurex. In addition, you must complete the Order Details section as listed below.
Additional Fields for Vola Trades | ||
X_TRADER Field | Description | |
Options Transaction ID |
The transaction number of the corresponding options trade. |
|
Options Product Name |
The underlying Options product name (ex. OESX). Entered In conjunction with the Options Transaction ID. |
|
Options Quantity |
The quantity of the corresponding options trade. |
|
Counterparty |
Sets exchange counterparty ID for the other party of the trade. Eurex requires the entire 11 character MGT (member group trader) to be entered in the Counterparty field of the Wholesale window. |
|
Buy/Sell |
Sets your side of the trade: Buy or Sell. |
The following is an example of a Eurex Vola trade:
Additional Fields for Exchange for Physical (EFP) Index Trades
To submit Exchange for Physical (EFP) Index trades, you must first complete the fields listed in Common Wholesale Trade Fields for Eurex. In addition, you must complete the Order Details section as listed below.
Additional Fields for Exchange for Physical Index Trades | ||
X_TRADER Field | Description | |
SI |
Sets the settlement institution for the trade. This value must be provided for both the Buy and Sell sides of the trade. |
|
Reference ID |
Set the unique, 12 alphanumeric value used to identify the equity cash basket linked to the transaction. Note: The first two characters of the Reference ID must be letters. |
|
Counterparty |
Sets exchange counterparty ID for the other party of the trade. Eurex requires the entire 11 character MGT (member group trader) to be entered in the Counterparty field of the Wholesale window. |
|
Nominal Amount |
Sets the equivalent value of the futures leg to be traded. This value must be represented in units of one thousand. |
|
Buy/Sell |
Sets your side of the trade: Buy or Sell. |
The following is an example of a EFP Index trade:
Additional Fields for Exchange for Physical (EFP) Fixed Income Trades
To submit Exchange for Physical Fixed Income trades, you must first complete the fields listed in Common Wholesale Trade Fields for Eurex. In addition, you must complete the Order Details section as listed below.
Additional Fields for Exchange for Physical Fixed Income Trades | ||
X_TRADER Field | Description | |
Counterparty |
Sets exchange counterparty ID for the other party of the trade. Eurex requires the entire 11 character MGT (member group trader) to be entered in the Counterparty field of the Wholesale window. |
|
ISIN |
Set the unique, 12 alphanumeric value used to identify the equity cash basket linked to the transaction. Note: The first two characters of the Reference ID must be letters. |
|
Nominal Amount |
Sets the equivalent value of the futures leg to be traded. This value must be represented in units of one thousand. |
|
Settlement Date |
The date by which the buyer must pay for the securities delivered by the seller. | |
SI |
Sets the settlement institution for the trade. This value must be provided for both the Buy and Sell sides of the trade. CouponThe interest rate of the fixed income instrument. |
|
Coupon Frequency |
The number of interest payments per year. Select one of the following: Annually, Semi Annually, Quarterly, Monthly. | |
Maturity |
The date that the fixed income instrument matures. | |
Issuer |
The entity responsible for the obligation of the issue (optional field). | |
Cash Price |
The price of the fixed income instrument. | |
Currency |
The currency of the instrument being traded (optional field). | |
Hedge Type |
The hedging strategy for your side of the trade:
|
|
Buy/Sell |
Select your side of the trade: Buy or Sell. |
Selecting a Settlement Institution (SI) and Accepting an EFP Trade
When you are notified by the counterparty that they have submitted a wholesale EFP Index or EFP Fixed Income buy order, you can submit the corresponding sell order and accept the trade in the X_TRADER Orders and Fills Window or Order Book. As part of submitting the sell side of an EFP order and accepting the trade, you must select the Settlement Institution (SI) responsible for clearing the transaction.
Note: Trade IDs are unique for a given product. When Inquiring on an order via the Order Book, the format "product:trade ID" must be used. For example: FGBM:12345
To select an SI and accept an EFP Trade:
- Right click in the Order
Pane and select Inquire Block & Vola Orders from the
context window.
The Inquire Block and Vola Order window appears.
Note: If you are sharing an order book with a user submitting an EFP buy order, the buy order will appear in the Order Pane. To inquire the exchange for the sell order, select the buy order and right-click to open Inquire Block & Vola Orders or click the Inquire button on the Order Toolbar. The buy order's SI value is populated in the Accept button list box while the button is disabled.
- Enter the order number provided to you by the counterparty,
select a TT Gateway, and click Inquire.
The corresponding EFP sell order appears in the Order Pane.
Only the Order Number and Exchange (Exchange-flavor TT Gateway) fields are required. The TT Gateway you’re logged in to will ignore the Restriction and Product Type fields.
- Select the sell order and click the dropdown list next to the Accept button on the Order Toolbar.
- Select a Settlement Institution
(SI) code. Valid values are:
- BC -- Clearstream Banking Frankfurt
- CD -- Clearstream Banking Luxemburg
- EC -- Euroclear
- SG -- Sega InterSettle
- CS -- CLS Group
- Click Accept.
Additional Fields for Exchange for Swaps (EFS)
To submit EFS trades, you must first complete the fields listed in Common Wholesale Trade Fields for Eurex. In addition, you must complete the Order Details section as listed below.
Settlement Date
This field is mandatory for the buyer and displays only for the seller. The settlement date of the swap trade has to be entered. The value has to be greater than the current business date.Additional Fields for Exchange for Swaps Trades | ||
X_TRADER Field | Description | |
Customer1 |
This field is optional for the buyer and displays only for the seller. The identification of the first customer involved in the EFS swap trade has to be entered. | |
Customer2 |
This field is optional for the buyer and displays only for the seller. The identification of the second customer involved in the EFS swap trade has to be entered. | |
Nominal Amount |
Sets the equivalent value of the futures leg to be traded. This value must be represented in units of one thousand. |
|
Coupon | The interest rate of the fixed income instrument. | |
Coupon Frequency |
This field is mandatory for the buyer and displays only for the seller. The fixed leg coupon frequency of the swap has to be entered. Enter the number of interest payments per year by selecting one of the following: Annually, Semi Annually, Quarterly, Monthly. | |
Variable Rate Reference |
This field is optional for the buyer and displays only for the seller. The variable rate reference can be up to 12 characters. | |
Variable Rate Offset |
This field is optional for the buyer and displays only for the seller. Enter a numeric variable rate offset value greater than or equal to -99.9999 and less than or equal to 99.9999. | |
Start Date |
This field is mandatory for the buyer and displays only for the seller. The start date of the swap has to be entered. Its value must be greater than or equal to the settlement date. Enter the date in the format: DD.MM.YYYY or MM/DD/YYYY | |
End Date |
This field is mandatory for the buyer and displays only for the seller. The end date of the swap has to be entered. Its value must be greater than or equal to the start date. Enter the date in the format: DD.MM.YYYY or MM/DD/YYYY | |
Currency |
The currency (EUR, CHF) of the instrument being traded. | |
Buy/Sell |
Select your side of the trade: Buy or Sell. |
The following figures show an example of an EFS trade. This first figure shows the Customer1, Customer2, Nominal Amount, Counterparty, Coupon, Variable Rate Reference, and Coupon Frequency fields in the Order Details section:
The next figure shows the Variable Rate Offset, Settlement Date, Start Date, End Date, Currency, and Buy/Sell fields in the Order Details section for the same EFS trade:
X_TRADER Order Number for OTC Trades
To inquire about a OTC trade using either X_TRADER or the Eurex exchange GUI, you will need to enter the product name and Eurex's Trade Entry Service (TES) Trade ID (TESTrdID). The TES Trade ID number is generated by Eurex when a OTC trade is submitted to a counterparty via the Wholesale Order window in X_TRADER or a Trade Entry Service window in the Eurex GUI.
Inquiring on Block Trades submitted from X_TRADER
To inquire on a Block trade that you submitted using X_TRADER, click on the Block trade in the Order Book and click the Inquire button in the Order Pane to submit the other side of the trade.
In the Order Book, the Order Number column displays a concatenation of the product name and Trade ID (e.g., FDAX:801) for a Block trade.
To inquire on a Block trade that a counterparty submitted using X_TRADER, right-click in the Order Book and select Inquire Block & Vola Orders. In the Order Number field on the Inquire Block and Vola Orders screen, enter the product name and TES Trade ID provided to you by the counterparty. Enter the Order Number in the format "Product:Trade ID" (e.g., FDAX:801) and click Inquire.
When providing the Order Number to a counterparty who is using the Eurex GUI to inquire on a Block trade that you submitted via X_TRADER, instruct them to enter the product portion of the Order Number in the Eurex GUI Product field (e.g., FDAX), and enter the Trade ID portion of the Order Number in the Eurex GUI TESTrdID field (e.g., 801).
Inquiring on Block Trades submitted from Eurex GUI
When receiving product and Trade ID information from a buy-side user who submitted a Block trade using the Eurex GUI, ask the user for the Product name (e.g., FDAX) in the Product field, and the Trade ID in the TESTrdID field on the Eurex GUI.
These fields are located in the upper left corner of the GUI. The GUI field names appear in these fields prior to submitting the Block trade.
After clicking Apply, the fields are populated with the product name (e.g., FDAX) and Trade ID (e.g., 806), respectively.
To inquire on a Block trade that a counterparty submitted using X_TRADER, right-click in the Order Book and select Inquire Block & Vola Orders. In the Order Number field on the Inquire Block and Vola Orders screen, enter the product name and Trade ID provided to you by the counterparty. Enter the Order Number in the format "Product:Trade ID" (e.g., FDAX:806) and click Inquire.
Submitting Vola Trades from X_TRADER
Volatility trades consists of a Block order for an options contract and a Vola order for the related futures contract. The Block order is submitted first using the Wholesale Order window.
After submitting the block order for the call or put options contract in X_TRADER, the Order Number column in the Order Book and Audit Trail display a concatenation of the product name and TES Trade ID (e.g., OESX:15). Give the order number to the counterparty so that they can inquire and accept the transaction.
If the counterparty is using X_TRADER, the user can inquire on the order by right-clicking in the Order Book and selecting Inquire Block & Vola Orders to enter the order number for the options contract. When providing the order number to a counterparty who is using the Eurex GUI, instruct the user to enter the product portion of the order number (e.g., OESX) in the Eurex GUI Product field, and enter the TES Trade ID portion of the Order Number (e.g., 15) in the Eurex GUI TESTrdID field.
If the initiator and counterparty are both using X_TRADER, you'll both receive fills with a transaction ID in the Audit Trail after the counterparty accepts the order. The transaction ID is displayed in TransID column in the Audit Trail.
When you initiate the Vola order for the underlying futures contract (e.g., FESX), enter the Options Transaction ID (e.g., 21) and the Options Product Name (e.g., OESX). Adjust the Options Quantity field as needed.
After sending the Vola order to the exchange, give the order number (e.g, FESX:300001) displayed in the Audit Trail to the counterparty, who can inquire and accept the transaction by entering the order number in the Eurex GUI.
The counterparty must enter the underlying futures product name in the order number (e.g., FESX) in the Eurex GUI Product field, and enter the Trade ID portion of the Order Number (e.g., 3000001) in the Eurex GUI TESTrdID field.
Inquiring on Vola Trades in X_TRADER
When a Volatility trade is initiated from X_TRADER or other external front-end trading application (e.g., Eurex GUI), you will have to inquire and accept both the Block order for the options contract and the Vola order for the related futures contract. In order to inquire, the initiator must provide you with the order number (X_TRADER) or product symbol and TES Trade ID (Eurex GUI).
When receiving product and TES Trade ID information from a buy-side user who submitted a Block trade for the options contract using the Eurex GUI, ask the user for the Product name (e.g., OGBL) in the Product field, and the Trade ID in the TESTrdID field (e.g., 9) on the Eurex GUI. These fields are located in the upper left corner of the Eurex GUI after the buy-side user submits the Block order.
To inquire on a Block trade that a counterparty submitted using the Eurex GUI, right-click in the Order Book and select Inquire Block & Vola Orders. In the Order Number field on the Inquire Block and Vola Orders screen, enter the product name and Trade ID provided to you by the counterparty. Enter the Order Number in the format "Product:Trade ID" (e.g., OGBL:9).
When you click Accept in the Order Book, you'll receive a fill for the block order and the transaction ID for the fill will be displayed in the Audit Trail. After the order is accepted, the user can initiate the Vola order for the related futures contract.
When receiving product and Trade ID information from a buy-side user who submitted a Vola trade for the underlying futures contract using the Eurex GUI, ask the user for the Product name (e.g., FGBL) in the Product field, and the Trade ID in the TESTrdID field (e.g., 36) on the Eurex GUI. These fields are located in the upper left corner of the Eurex GUI after the buy-side user submits the Vola order.
To inquire and accept the Vola trade that a counterparty submitted using the Eurex GUI, right-click in the X_TRADER Order Book and select Inquire Block & Vola Orders. On the Inquire Block and Vola Orders screen, enter the product name and Trade ID provided to you by the counterparty in the Order Number field. Enter the Order Number in the format "Product:Trade ID" (e.g., FGBL:36).
Accept the order in the Order Book to generate a fill and complete the Volatility trade.
Submitting Eurex Cross Trades
The following figure shows the fields used for submitting a Cross Trade:
To submit a Eurex Cross Trade:
- Open the product you wish to trade in a Market Grid window.
- In the Market Grid, right-click the row containing the product and select Wholesale Orders from the context menu.
Note: The Wholesale Orders options is grayed-out if:
- Your administrator has not enabled wholesale trades in TT User Setup.
- The product/exchange does not support wholesale trades.
- Select Cross in the Order Types pane and set the quantity and price for the trade.
- Complete the remaining fields for both sides of the trade as listed below.
-
Once the fields are complete, press the Send ITX (Intention to cross) button.
Eurex mandates that members send an "Intention to cross" message prior to performing a cross trade. This message is broadcast to all market participants. Users have the ability to always send the ITX automatically prior to cross.
Eurex Cross Trades | ||
X_TRADER Field | Values | Description |
Account Type |
A1-A9 Agent Accounts (Clients only) P1,P2 Proprietary (Own account) M1,M2 Market Maker (Quotes)G1 Pre-designated Giveup (without Member ID for receiving Clearing Member) G2 Designated Giveup (with Member ID of receiving Clearing Member) |
Sets the type of account the trade will be submitted. |
Open/Close |
Open/Close |
Sets whether the trade opens or closes a position. |
GiveUp |
Customer specific information |
Sets the customer account number, firm name, etc., that the trade is being given up to. |
FFT2 |
Customer specific information |
Sets the customer specific information. |
FFT3 |
Customer specific information |
Sets the customer specific information. |