Member Section Release December 2023

Release date: 08 Dec 2023

055/2023 Member Section Release December 2023 Xetra Circular 055/23

1.  Introduction

With this circular, Deutsche Börse announces the introduction of the latest Member Section enhancements, Member Section Release December 2023, which will be available starting Monday, 11 December 2023.

The following changes and enhancements will be introduced with the Release in December 2023:

  • Registration of Trading Locations 
  • Exchange Trader confirmation/declaration of personal reliability

Production start: 11 December 2023

2.  Required action

All Member Section users are requested to get familiar with the updates described below.

3.  Details

Overview of functional enhancements:

Registration of Trading Locations

The paper-based process of registration and termination of Trading Locations receives a digital makeover. With the new process through the Member Section, users will be able to

  • view existing Trading Locations
  • register new Trading Locations
  • terminate existing Trading Locations

Digitalization of the process offers several advantages to Trading Participants:

  • Enhanced transparency: Trading Participants can view the status of registrations/terminations in the Member Section, supplementing the status notifications by e-mail.
  • Operational efficiency: The transition from manual to digital processes offers operational efficiency, translating to time savings and a more streamlined experience for users.

To access the new service, users will need the new permission “Trading Location FWB”.

The Central Coordinator will be assigned per default and without further action the new permission “Trading Location FWB” and will be able to assign or to revoke the market-specific permission for other users.

To leverage these improvements effectively, users are encouraged to take the following actions:

  • 1. Permissions Management: Ensure that the newly introduced permission “Trading Location FWB” is assigned carefully. Grant access to individuals who are entitled to act on behalf of the Trading Participant and who are responsible for data maintenance.
  • 2. Training initiatives: Users may benefit from comprehensive training on the functionality of the new digital service, ensuring a smooth transition and proficiency in utilizing the updated processes. To request a training, please contact your responsible Trading Key Account Manager or client.services@deutsche-boerse.com.

Exchange Trader confirmation/declaration of personal reliability

Currently, when submitting their trader application via the Member Section, traders are mandated to confirm all the statements listed on the declaration regarding their personal reliability. If no confirmation is provided, the application is not accepted by the system.

With this release, the system will accept applications even if the confirmation is not provided, however, the underlying requirement for personal reliability remains unaffected. Consequently, reliability of the applicant where the confirmations are incomplete will be verified separately in each individual case (post submission of the electronic application).


In case of any questions, please contact your Trading Key Account Manager or send an e-mail to: member.section@deutsche-boerse.com. 


Further information

Recipients:

All Xetra® Trading Participants and Vendors

Target group:

All Member Section users

Contact:

Your Trading Key Account Manager or client.services@deutsche-boerse.com; member.section@deutsche-boerse.com

Web:

 Member Section homepage

Authorised by:

Melanie Dannheimer, Cord Gebhardt