Eurex plans to roll out two upgrades of its T7 trading platform next year, starting with version 5.0 in June and version 6.0 in December. The upgrades will include a new trade entry system for off-exchange trades, the enhancement of the mass cancel function designed for market makers and support for total return products. T7 6.0 will also include features that make it compliant with new regulations in MiFID II (the updated Markets in Financial Instruments Directive) and MiFIR (the new Markets in Financial Instruments Regulation).
In addition to the new features, the upgrades are aimed at supporting the growth in message traffic without slowing down the processing of order messages. Since June 2013, average latency for futures transactions held steady between 180 and 350 microseconds for users of the Eurex Enhanced Trading Interface in Frankfurt, despite the fact that transaction volumes rose about 20%. Since the beginning of 2016, median round trip times have fallen 20 microseconds to around 140 microseconds.
