Eurex upgrade timeline too tough, say banks
As exchanges prepare roll-out of major upgrades, banks are struggling to cope
European clearing firms are calling on Eurex to delay a major upgrade to its derivatives platform – a move that will allow the bourse to launch futures with more expiries – citing a lack of time to prepare and implement the technical changes requested by the exchange.
Eurex’s so-called Next Generation derivatives initiative will see it introduce sub-monthly contracts, which would allow for multiple expiries on the same underlying several times a month, as opposed to a single expiry, usually at
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