Give-Up/Take-Up

We make it possible for Clearing Members to perform give-ups and take-ups. Certain restrictions apply.

• Trades can only be given up from the agent account (A1).
• Trades can be taken up in the agent account and in principal accounts (P1/P2).
• Give-ups and take-ups may only be performed for transactions executed on the same trading day (current give-up) or the previous trading day (historical give-up).

All give-up and take-up transactions require that the Exchange Member and its respective Clearing Member accept them. Members may accept these trades automatically or manually.

Acceptance must take place on the same day as the transaction took place. If a give-up trade is not accepted by the end of the post full-trading period, the trade remains in the agent account (A1) of the original exchange member.

Deleted or rejected give-up trades also remain in the agent account of the exchange Member. Trades originating from combination orders can only be transferred as single give-up trades.

Give-up trades cannot be undertaken for products that are in holiday status. No historical give-up is possible the next business day for products that are on holiday the day before.

eGAINS

With Eurex 11.0, introduced on November 10, 2008, Eurex Clearing supports the eGAINS service from the FIA Technology Services, Inc.

Therefore Eurex will submit give-up and take-up information for all participating members to the eGAINS system.

What is eGAINS?

The eGAINS service is aimed to address inefficiencies in the brokerage, billing and payment process related to the processing of give-ups to allow for an electronic handling, reconciliation and break-management between executing and clearing brokers.

The eGAINS service is offered by FIA Technology Services, Inc., a wholly owned subsidiary of FIA (Futures Industry Association).

For further details please click here.

How does Eurex support eGAINS?

Eurex Clearing incorporates a daily transfer of give-up and take-up related transaction data to the eGAINS system. To comply with data protection and privacy only give-Up and take-Up data where all involved parties have subscribed to the eGAINS service will be prepared for transmission to the eGAINS system.

How can a member participate in the eGAINS service?

In order to participate in this automated billing service, interested firms need to initiate an eGAINS agreement with the FIA Technology Service, Inc. This agreement covers the authorization to access participants' data and the authorization to pull the necessary funds from participants' accounts.

Following this agreement between the participant and the FIA Technology Services, Inc. the members will be set up accordingly by Eurex Clearing.

The following members are participating in the eGAINS service so far: