Eurex Account Type

Eurex offers several types of accounts for trading participants, including:

• Agent Accounts (A1 - A9): These accounts are used exclusively for clients and are maintained on a gross basis. Traders can have both long and short positions in the same account unless designated as closing transactions.

• Proprietary Accounts (P1, P2): These accounts are used for trades made for the participant's own account and are also maintained on a gross basis. Participants have full discretion over which account to use for opening positions, but close-outs must be directed to the same account.

• Market Maker Accounts (M1, M2): These accounts are for trades made for the participant's own account, with quotes automatically booked on the M1 account. Market maker accounts are kept on a net basis.

• Give-Up Accounts (G1, G2): G1 is a pre-designated give-up account without a specified receiving clearing member, while G2 is a designated give-up account with a specified clearing member ID.

Each account type serves different trading purposes and is subject to specific rules and regulations, such as naming conventions and operational requirements.

Eurex Broker Account Opening Process

To open a Eurex broker account, follow these steps:

• Access the Accounts Section: Click on the "Accounts" option in the left navigation pane of the trading platform.

• Create a New Account: Click on "+ New Account" at the top of the accounts screen to begin the account creation process.

• Enter Account Information:

• In the "Account Name/Number" field, input the exchange-provided account name, which is sent to the exchange as tag 25008.
• If creating a sub-account, select a parent account in the designated field.

• Select Account Type: Choose the appropriate account type from the dropdown menu, including options for routing behavior and account hierarchy.

• Configure Additional Settings:

• Define whether the account is routing (external or internal), non-routing, or for audit trail purposes.
• Set up order crossing prevention rules if necessary.

• Complete the Process: Click "Create" to finalize the account setup. The new account will appear in the accounts list, and sub-accounts will be nested under their parent account.

• Review and Configure Exchange Properties: Select the account and configure exchange properties, including member IDs for trading specific products.

By following these steps, participants can successfully establish their trading accounts on the Eurex platform.