Eurex halves first-year cloud connectivity fees for existing connected participants

Eurex will cut T7 Cloud Access Point connectivity fees by 50% for eligible firms already connected to the exchange. Circular 071/26, published on 27 October, extends an incentive to existing users.[1]

Eligible trading participants, sponsored-access users and third-party information providers must have held Multi-Interface Channels or 10 Gbit/s market-data or order-entry connections on 27 October. Activations qualify from 2 November 2026 to 2 November 2027. The benefit lasts 12 months from the month after technical implementation, even beyond that window; full fees then apply. The October discount and the earlier offer cannot be combined.[1]

What the discount changes in the tariff

The amended price list separates market-data packages from transaction interfaces. Applying the reduction to its monthly charges produces the following connection fees; a participant’s bill depends on the services ordered.[3]

For example, one MD1 connection and one all-transaction connection total €7,500 a month at the published rates. At half price, the combined charge is €3,750: €45,000 over 12 discounted months, against €90,000 at those unchanged full rates. The €45,000 difference is a saving on these two connection services; it does not measure migration costs, cloud consumption or the cost of retaining existing infrastructure.[3][1]

The chosen workflow determines the budget: ingesting market data, sending orders and consuming execution copies have different requirements. The cheapest connection is therefore a poor proxy for a complete trading setup.[3]

An additional route into T7

The service announced in September connects a participant’s Google Cloud environment privately to T7, supplying market data and access to ETI LF and FIX LF gateways for order entry and drop copy. Eurex describes uses including risk processing, trade capture, analytics and disaster recovery. These are functions where proximity to trading data can matter without every workload needing the exchange’s existing on-premises connection arrangement.[2]

Eurex’s quoted latency is approximately 500 microseconds median for one-way multicast market data from Frankfurt to Google Cloud’s europe-west3-b zone, or roughly 1–2 milliseconds through NATS TCP/IP. Those are specified data-delivery paths, not a measurement of a broker’s complete order-execution round trip. Application processing and the rest of a firm’s network still sit outside that stated metric.[2]

The earlier incentive remains relevant to new participants and existing firms without a prior connectivity footprint: it provides six months with connectivity fees waived, followed by six months at half price. Orders for the service open through the Deutsche Börse Member Section on 2 November. Existing users who do not want the additional service need take no action.[2]

Report an error or submit an update