Eurex version 8.0 and Euronext.Liffe version 9.0, both launched November 7th, include large elements of system upgrades designed around the exchanges’ options trading activity, and as the leading options ISV Actant has both been involved in the upgrade testing programme and is first with its own API upgrade roll-out.
Two key new elements in Eurex version 8.00 are Delta Protection and Heartbeat. Delta protection alerts market makers to their total delta exposure, and heartbeat is an ‘I’m alive’ pulse confirming the electronic exchange is operational. A missing ‘pulse’ indicates an interrupted data supply, flagging what could be a potentially dangerous market situation to options market makers.
LIFFE version 9.0 sees the rollout of a new Financial Host API capable of supporting e-CBOT, and will be followed by a new Equities Host API November 21st.
Urs Rutschmann, CEO, said “actant has worked closely with both exchanges throughout this initiative, culminating from our client’s perspective in a smooth, timely and virtually problem free transition to the benefits provided by the latest releases”.
