Block Auction Requests (BAR)We act as counterparty for all positions that are opened as a result of using the Block Auction Request functionality. BAR extends Eurex wholesale services from the block-trading facility to incorporate price-finding mechanisms of block-trading. With the BAR facility market participants (Requesters) are able to enter requests for large block trade transactions in a particular contract or strategy anonymously into the system. Such a request will automatically trigger an auction, allowing interested market participants (Responders) to enter quotes, also on an anonymous basis. Indicative auction bid/ask prices are evaluated and made visible to both sides. If the auction price is accepted by the Requester, a trade is concluded where the executable quotes submitted by Responders are executed on the basis of the calculated auction price. The system generates a multilateral block trade, automatically triggering the ensuing clearing procedures. Details about the BAR facility are available in Circulars 210/2006, 246/2006 and 025/2007 as well as the Functional Release Notes (access for members only). Demonstration VideosThe following videos demonstrate how to use the Block Auction Request facility within the Eurex® system.
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