To further facilitate the roll out of the Direct Clearing Model and following a request from ECCs Risk Committee a DCP Clearing Member must notify to ECC if it intends to use an algorithmic trading system. The respective notifi-cation is located in the DCP admission form. Also, DCP Clearing Members must comply with a minimum equity capital requirement of 50.000 Euro.
Furthermore, a few minor amendments regarding the use of trading limits for DCPs were implemented.
The new release 35a will take effect as of 21 September 2016.
A new version of the Clearing Conditions is including a track-change version is available on ECC’s website at http://www.ecc.de/ecc-en/about-ecc/rules.