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Trading and Settlement Schedule

Trading and Settlement Schedule

In line with the trading sequence on Eurex, the Eurex Bonds trading day is subdivided into three consecutive trading phases:

The Pre-Trading Phase

  • Time period: 07:25 CET – 08:30 CET
  • During this period, participants can make enquiries, or enter, maintain or delete orders in preparation for trading
  • Available trading protocols:
    • Pre-Arranged Trading Bonds, available from 07:25 CET
    • Pre-Arranged Trading Basis, available from 08:20 CET
    • Request for Quotes
    • Request for Offer

The Main-Trading Phase

  • Time period: 08:30 CET – 17:30 CET
  • Orders and quotes are displayed to all market participants in the central order book
  • Trading starts without an opening auction
  • Executed orders are confirmed online
  • Available trading protocols:
    • All from Pre-Trading Phase
    • Continuous Trading Bonds
    • Continuous Trading Basis

The Post-Trading Phase

  • Time period: 17:30 CET – 19:00 CET
  • The system remains available to the Market Participants for all information requests and data entry possibilities
  • Available trading protocols:
    • Pre-Arranged Trading Bonds
    • Pre-Arranged Trading Basis
    • Request for Quotes
    • Request for Offer