Eurex Frankfurt AG put its T7 Cloud Access Point connectivity service into production on 2 November, allowing eligible users to reach T7 market data and trading infrastructure directly from Google Cloud Platform. The service is available to Trading Participants, Sponsored Access Users and third-party information providers under the relevant connection agreements. It supplements leased-line co-location and internet-based iAccess routes; it does not replace exchange membership, a sponsoring firm or a clearing relationship.[1]
The exchange presents the route as a way to reduce dependence on dedicated on-premise hardware. That claim concerns the access architecture, not the full trading stack. A participant still needs application hosting, security controls, session management, market-data handling, order checks, monitoring and recovery. Cloud proximity can shorten one part of the path while software design, region selection, network configuration and downstream clearing determine the end-to-end result.[1]
Orders for the service can be submitted through Deutsche Börse Group’s Member Section from the production date. Participants not using the new route need take no action. Firms considering it are instructed to review technical prerequisites, service options and applicable fees before ordering. The separate treatment matters because a broker can retain an existing connection for production while evaluating cloud access for a new desk, sponsored user or resilience route.[1]
The incentive is limited by user status and time
Eurex offers a temporary programme from 2 November 2026 to 2 November 2027 for new Trading Participants, Sponsored Access Users and third-party information providers, plus existing participants without specified current high-capacity connectivity. The first six months of use receive a 100% waiver of Cloud Access Point connectivity fees, followed by a 50% waiver for the next six months. The programme does not state that exchange, data-licensing, clearing or cloud-compute costs are waived.[1]
Sponsored access remains a multi-party control model. The sponsored user can connect through the new service, but the sponsoring participant remains responsible for the exchange relationship and applicable pre-trade risk controls. Third-party information providers have a different entitlement and use case from firms sending orders. Configuration should therefore start with the legal participant type and permitted interfaces rather than treating all cloud clients as one category.[1]
For brokers and vendors, the launch creates a new connectivity option and a measurable migration decision. Firms can compare latency distribution, packet loss, recovery time, operating cost and concentration risk against existing leased-line and iAccess arrangements. Eurex’s circular establishes availability and fee terms, not superior execution or universal resilience. The next evidence will come from production performance, customer adoption and incident handling across cloud and traditional routes.[1]
T7 Cloud Access Point scope
| User or feature | Published position | Important boundary |
|---|---|---|
| Trading Participants | Eligible to order market-data and trading connectivity | Exchange and clearing obligations remain |
| Sponsored Access Users | Eligible through the sponsored-access framework | Sponsor and pre-trade controls remain separate |
| Third-Party Information Providers | Eligible for the relevant provider connection | Data-provider rights do not imply trading permission |
| Technology location | Direct access from Google Cloud Platform | Application and control design remain participant responsibilities |
| Production start | 2 November 2026 | Availability does not prove every user is live |
| Existing alternatives | Leased-line co-location and iAccess remain in the portfolio | No mandatory migration announced |
Temporary connectivity-fee programme
| Eligibility or period | Fee treatment | Limit |
|---|---|---|
| Programme window | 2 November 2026 to 2 November 2027 | Applies to the stated Cloud Access Point incentive only |
| First six months of use | 100% waiver of connectivity fees | Other exchange, data, clearing and cloud costs are not described as waived |
| Following six months | 50% waiver of connectivity fees | Ends after the stated second period |
| New participants and sponsored users | Eligible under the circular | Must satisfy technical and contractual prerequisites |
| Existing participants | Eligible only where the specified current connectivity footprint is absent | Not a general rebate for every existing connection |
Sources & further reading
- Eurex Infrastructure: Introduction of T7 Cloud Access Point Connectivity Services Eurex Frankfurt AG · 16 Sep 2026 · Accessed 8 Nov 2026