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Straight-Through Processing (STP)

ECC’s STP trading limit services allow Clearing Members to set trading limits for Straight-Through Processing (STP) of Derivatives and Non-MTF Trade Registration.

To manage STP limits Clearing Members can use the trading limit functionalities available in the EUREX @X-Tract clearing system. Clearing Members can define for themselves or their associated Non-Clearing Members, on a per product basis, the maximum allowable size of acceptable transactions to be registered at the respective Partner Exchange.

STP Risk Limits service available in the ECC Member Area allows Clearing Members to manage their financial exposure towards their Non-Clearing Member, its own agency business or client business by defining monetary pre-trade limits effective at the respective markets. The limits are valid for all markets and products that are offered via STP independently of the STP provider chosen to transfer the trade.

The following table provides an overview of limit implementation on STP registered trades at ECC:

Exchange

Market

Limit Type

Derivatives and Non-MTF Trade Registration (STP)

Order Quantity Limit
(Fat finger Limit)

STP Risk Limit

  

Derivatives and Non-MTF Trade Registration (STP)

Order Quantity Limit
(Fat finger Limit)

STP Risk Limit

 

For further details regarding ECC’s Risk Limits Services, please refer to ECC Risk Management Services.