Cash Market Readiness Newsflash | Adaptation of MiFiD flagging due to migration of Börse Frankfurt (including Börse Frankfurt Zertifikate Migration) to T7

Release date: 02 Mar 2020

Cash Market Readiness Newsflash | Adaptation of MiFiD flagging due to migration of Börse Frankfurt (including Börse Frankfurt Zertifikate Migration) to T7Cash Market Readiness Newsflash

Dear Börse Frankfurt and Börse Frankfurt Zertifikate Participant,

With the migration to T7 trading participants are required to adapt the values of the MiFID II fields “Investment decision within firm qualifier” and “Execution decision within firm qualifier”. The values are different in T7 and in Xetra Classic.

T7 values of the fields “Investment decision within firm qualifier” and “Execution decision within firm qualifier” are: 

  • HUMAN = 24
  • ALGO = 22

Detailed information can be found in the flagging requirements factsheet “MiFID II / MiFIR Flagging Requirements - Execution decision, investment decision, client ID and DMA” available on www.xetra.com under following link:

We would also like to remind you to participate in the simulation environment that has started on 17 February 2020 and the connection test to assure a smooth transition.

All information about T7 Release 8.0 as well as further migration-relevant news can be found on the Xetra website under the following links: 


If you have any questions, please feel free to contact your Key Account Manager or send an e-mail to client.services@deutsche-boerse.com.
 

Kind regards


Your Client Services Team

Recipients:

All Xetra® Members and Vendors, all Xetra Central Coordinators

Contact:

client.services@deutsche-boerse.com

Web:

Börse Frankfurt Migration

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