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You can use the Wholesale Order window to submit the following types of orders to Eurex:. 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. Any changes to customer defaults e. If set to Giveup e. Eurex requires the entire 11 character MGT member group trader to be entered in the Counterparty field of the Wholesale window.
Sets exchange member ID of the Giveup firm. This field is mandatory when Account Type equals G2. In addition, you must complete the Order Details section as listed below. The underlying Options product name ex. Set the unique, 12 alphanumeric value used to identify the equity cash basket linked to the transaction. Sets the equivalent value of the futures leg to be traded. This value must be represented in units of one thousand. 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.
Trade IDs are unique for a given product. When Inquiring on an order via the Order Book, the format "product: If you are sharing an order book with a user submitting an EFP buy order, the buy order will appear in the Order Pane. The buy order's SI value is populated in the Accept button list box while the button is disabled.
The following figures show an example of an EFS trade. Enter the Order Number in the format "Product: 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 Applythe fields are populated with the product name e. The Block order is submitted first using the Wholesale Order window.
Give the order number to the counterparty so that they can inquire and accept the transaction. 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. When you initiate the Vola order for the underlying futures contract e.
Adjust the Options Quantity field as needed. These fields are located in the upper left corner of the Eurex GUI after the buy-side user submits the Block order. 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. Accept the order in the Order Book to generate a fill and complete the Volatility trade. 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. Sets the customer account number, firm name, etc. For earlier versions, click here You can use the Wholesale Order window to submit the following types of orders to Eurex: This trade requires you to perform an options trade and hedge it with a futures trade.
The Wholesale Orders options are grayed-out if: Your administrator has not enabled wholesale trades in TT User Setup. Complete the exchange-specific fields as listed below. The table below lists the common fields for submitting wholesale trades on Eurex. This is an optional field. Account Number Free-form text up to 14 characters.
Sets the Customer Account Number. Account Type Supported account types: Options Product Name The underlying Options product name ex. Options Quantity The quantity of the corresponding options trade. The following is an example of a Eurex Vola 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. The first two characters of the Reference ID must be letters. Nominal Amount Sets the equivalent value of the futures leg to be traded. The following is an example of a EFP Index trade: ISIN Set the unique, 12 alphanumeric value used to identify the equity cash basket linked to the transaction. 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. CouponThe interest rate of the fixed income instrument. Coupon Frequency The number of interest payments per year. Select one of the following: AnnuallySemi AnnuallyQuarterlyMonthly. 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: The Inquire Block and Vola Order window appears. Enter the order number provided to you by the counterparty, select a TT Gateway, and click Inquire.
Select the sell order and click the dropdown list next to the Accept button on the Order Toolbar. Select a Settlement Institution SI code. 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. 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. 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: 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 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: The end date of the swap has to be entered. Its value must be greater than or equal to the start date. 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. The Wholesale Orders options is grayed-out if: 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. GiveUp Customer specific information Sets the customer account number, firm name, etc.